Establish company license easily

Aug 6th, 2022
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How to establish company license

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hey Jim Hart back at you here from our own lawn today I want to talk to you about the eight things that you need to do when youre just first starting out with your business now this might be a home-based business that might be something else but these are the eight things that you need to do so pay attention lets get to the quick disclaimer so my name is Jim Hart Im the founding attorney here at Hawthorn law and Ive been putting out videos for the past several years on all things related to starting and building an online business and weve done everything from LLCs to trademarks to other ways to protect your intellectual property to stupid videos about myself you can check them out anyway today what I want to talk to you about are the eight things that you need to do if youre versed just starting out in business so you you know maybe you came to this channel cuz youre worried about an LLC but but today I want to talk about is this the time to start an LLC were gonna get right

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Name your business. Register your business with your province or territory. Obtain a federal business number and related tax accounts with the Canada Revenue Agency (if necessary). Apply for all necessary permits and licenses at a federal, provincial/territorial, and municipal level.
It ultimately depends on the type of business you wish to start, but most businesses do require $5,000 to $10,000 to start. You may have to be a lot more inventive if you dont have any investment money.
The registration fee depends on the type of business you are registering. Search the Ontario Business Registry for free to find out if your business name is already taken. Limited Partnership - $210 (this is a business with at least one general partner and at least one limited partner.)
Can I start a business without registering it in Canada? Short answer: yes. However, you can only do this if you operate as a sole proprietorship under your own legal name and your province or territory doesnt require you to register your business.
Register a Business In Ontario, you are required to register your business name within 60 days of opening your business. You are exempt from this requirement if you use your own name for the business. If you add another word, for example, Your Name Consultants, you must then register the name.
Ontario: In Ontario, it costs $300 CAD to incorporate a business online or by mail. There is an additional $60 fee to register your business name.
The prices can vary from $500 to upwards of $10,000. The fees of getting registered differ in each province. For example, in Ontario, the cost of getting registered starts at 134$+ tax. In Alberta, a small business startup fee starts at 113$ + tax.
You need a federal and provincial permit for most businesses that affect the physical environment or that work with hazardous materials. All operators of new businesses must understand their area of business well enough to recognize what permits are required.
How long does it take to register a business in Canada? Registering your business at the federal level is a simple process that typically takes around five business days. In most provinces, you can register your business in-person, by mail, or online.
The registration fee depends on the type of business you are registering. Search the Ontario Business Registry for free to find out if your business name is already taken. Limited Partnership - $210 (this is a business with at least one general partner and at least one limited partner.)

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