Starting a Business
The prospect of starting a business is an exciting and demanding time for entrepreneurs. All new businesses should consider the development of a business plan their first step.
A number of members of the Business Advisory Network can assist you in developing an effective business plan. A fee may be charged.
Checklist for Starting a Business
· Develop a business plan.
· Complete your market research.
· Obtain financial commitment before proceeding with start-up costs.
· If you intend to operate as a sole proprietor or partnership, register your business name with Corporate Registry.
· If you are going to incorporate your business, contact Corporate Registry.
· Contact the Inspection and Licensing Department for appropriate licenses and permits.
· Obtain the proper provincial and/or federal licenses. For most businesses this would mean contacting the licensing section of Alberta Government Services.
· Some businesses require special licenses or permits. Contact the appropriate authority.
· Contact Canada Revenue Agency for information on corporate income tax and the Goods and Service Tax (GST).
· Register your company with the Workers' Compensation Board.
· Contact Canada Revenue Agency to obtain an employer's account number for Unemployment Insurance and Canada Pension Plan deductions.
· If you employ five or more people, register with the Alberta Health Insurance Plan.
· Ensure that you comply with the pertinent labour regulations by contacting the Employment Standards Branch of Alberta Human Resources and Employment.
· Contact Advanced Education and Career Development and Human Resources and Skills Development Canada if assistance is required to locate and/or train new employees.
· Ensure that all health regulations that relate to your business have been investigated.
· Obtain appropriate insurance, leases and other operating needs.
· Ensure that all environmental issues that affect your business have been investigated.