Doing Business in China

How to start a business corporation about Steps of Starting a Business

1) Come up with a good business idea.

One thing that's the same about starting a business in Canada as starting a business anywhere else is that you need a good business idea first. Follow the link above to find collections of small and home-based business ideas you can browse through, how to come up with winning business ideas of your own, and how to test the viability of your business idea once you've chosen one.

2) Write a business plan.

My Writing a Business Plan series that starts with this Business Plan Outline will lead you through the process of writing each section of the business plan. You'll find more information, including links to sample business plans, in the Business Plans section of this website.

When choosing a business name, there are two things to consider; the business name's marketing potential and its legal elements. The link above will take you to the information you need to choose the best possible business name for your new business when you're starting a business in Canada.

You can also visit the Small Business: Canada Forum for help brainstorming a catchy name.

4) Choose a form of business ownership.

What forms of business ownership can you choose to legally structure your business when you're starting a business in Canada? What are the advantages and disadvantages of each of the forms of business ownership? These resources will help you choose the best form of business ownership for your new business.

5) Register your business name.

Business name registration is a legal requirement for almost all businesses in Canada. Find out whether or not you have to register your new business’ name and learn all the details about business name registration for starting a business in Canada here.