Before anything else, you’ll need to figure out how you want your business set up. In Canada, your main options are:

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Sole Proprietorship

• Simple and cheap to set up.
   

• You’re fully in control, but you’re also personally responsible for debts.
   

Partnership

• Great if you’re teaming up with someone.
   

• Shared responsibilities and resources, but partners share liability.
   

Corporation

• Offers limited liability and makes it easier to raise money.
   

• Slightly more complicated and costly to set up.
   

Need a hand deciding? Check out our Step-by-Step Guide to Launch a Business in Ontario for more detailed advice.

Your business name is a big deal — it’s your brand! Here’s what to keep in mind:

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• NUANS Search: Make sure your name isn’t already taken.
   

• Domain Name & Social Handles: Grab a website and social handles that match your business name.
   

Once you’ve chosen your name, you’ll need to register it provincially or federally. Not sure how? Our Launch a Business Checklist can help you make sure you don’t miss a step.

If you’re thinking about incorporating, here’s a quick rundown:

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• Federal Incorporation: Lets you operate across Canada and gives stronger name protection.
   

• Provincial Incorporation: Easier if you only plan to operate in one province.
   

• Costs & Timing: Federal incorporation usually runs around CAD $200–$300 online; provincial fees vary. Processing can take a few days to a few weeks.
   

Learn more about your incorporation options and the common mistakes to avoid when launching a business!

Keeping your personal and business money separate is key. Here’s how to get started:

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• Banking: Compare features, fees, and services from Canadian banks to find what works for you.
   

• Funding Options:
   

  • Grants: Government programs to help new businesses.
     

  • Loans: Startup loans from banks or government-backed programs.
     

  • Other options: Investors, crowdfunding, or venture capital.
     

Not sure where to start? Check out our Funding Your Business When You Launch guide.

Now it’s time to get your business out into the world:

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• Marketing Basics: Identify your audience, build a website, and set up social media.
   

• Customer Acquisition: Try digital ads, local networking, and word-of-mouth to bring in your first customers.
   

Need some extra tips? Our Marketing Tips for Launching a Business and Technology Tools to Launch a Business Efficiently pages are packed with ideas to make your launch smoother.