There are important legal steps you must complete before you officially open your business. They might be challenging, but don't forget about them – there could be major problems later if you miss a step or make a mistake.
Business startup checklist
Here's what you need to do to start your new business off on the right foot.
Choosing a business structure
Choosing a business structure is one of the first and most important decisions you will make as a business owner.
Setting up your business
There are lots of steps to setting up a business, depending on the business structure you choose. Find out how to set up a sole proprietorship, partnership, or corporation.
Licenses, permits, and regulations
You will need municipal, provincial, and federal licenses and permits before you can start operating your business. You also have to adhere to any government regulations that apply to you.
Registering a business number
If your business meets certain requirements, you must register a business number (BN) with the federal government.
Alberta business taxes
You must pay provincial and federal taxes on your business income. You must also take deductions from your employees' pay.