Ready to launch your business? Skip the stress and let BizWize handle your sole proprietorship registration from start to finish.
In Ontario, operating a sole proprietorship under a named business (not your own legal name) requires registration
Our business registration services start at just $89.95, giving you a fast, simple, and budget-friendly way to get formalize your business.
Focus on building your brand while we take care of the paperwork.
Start your business with confidence today!
A sole proprietorship is the simplest and most common type of business structure—especially for freelancers, consultants, and small business owners. The business is owned and operated by one individual, with no legal distinction between the owner and the business. You are the business!
A Sole Proprietorship is the fastest, easiest and most affordable way to launch a small business. You maintain full control with the added advantage of simplified record-keeping and tax reporting.
Because a sole proprietorship is not a separate legal entity, you are personally liable for all business debts and obligations.
While you keep all the profits, this may lead to higher personal taxes as your income grows. When that happens, it may be worth considering incorporation for potential tax advantages and added liability protection.
Open a dedicated business bank account to keep your finances organized.
Set up bookkeeping or accounting tools to track income, expenses, and taxes.
Confirm any required licenses or permits needed for your industry or location.
Review insurance options to protect yourself from potential risks or liability.
Plan for taxes, including setting aside funds for income tax and CPP contributions.
Establish contracts or service agreements if you work with clients.
Build your online presence such as a website, social profiles, or business listings
Once your sole proprietorship is officially registered, a few essential steps will help you launch smoothly and stay organized as your business grows. Putting the right systems in place early creates a strong foundation for your business and lets you operate with clarify and confidence.
At BizWize, our expertise is at your fingertips! We support you at every stage – from setting up your business records and accounting systems, to crafting contracts and service agreements, to building a polished and professional website – we’ve got you covered!
Book your consultation today!