Starting A Small Business Guide
Starting A Small Business Guide
Small Business
STARTING A
SMALL BUSINESS
Internet Access
Many of the resources listed in this guide are web-based only. If you CONTENTS
do not have your own Internet connection, try your local library or
Community Futures British Columbia office. For free Internet access call This Guide 1
604 289-4222 to find the location nearest you.
Your Two Primary Resources 2
This guide is also available electronically at:
14 Steps to Starting Your Own Small Business 6
www.gov.bc.ca/startingasmallbusiness
or for translated versions visit: 1 Make Sure Running a Small Business is Right for You 6
www.gov.bc.ca/smallbusiness 2 Understand Business Structures 7
3 Develop a Business Plan 8
4 Secure Your Financing 10
5 Choose a Business Name and Have it Approved 11
6 Register Your Business 12
7 Secure Your Online Presence 13
8 Register for Provincial Sales Tax (PST) 14
9 Register for Goods and Services Tax (GST) 14
10 Complete Other Registrations 16
11 Investigate Additional Business Registrations
and Requirements 19
12 Identify Permit and Licensing Requirements 21
13 Get Support 21
14 Check Out Other Useful Resources 23
Indigenous Entrepreneurs 23
Young Entrepreneurs 24
Women Entrepreneurs 24
General Information 25
THIS GUIDE
1
Your Two Primary Resources General Business Information Advisory Service: Book a
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BC Business Registry Once you have your BC Services Card account, you can create an
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The BC Business Registry lets you pick your business name and Born and raised in Prince Rupert, Blair Mirau
complete your business registration online. graduated from the University of Winnipeg in
2011 with a degree in international development.
Through the BC Business Registry, you can do the following in the Upon returning home he began his career as a
Province of British Columbia: grant writer for the City of Prince Rupert. Then
Request a business name and register a sole proprietorship, general in 2013, following one of Blair’s free grant writing seminars he
partnership, or “doing business as” (DBA) name. hosted at City Hall, the Gitmaxmak’ay Nisga’a Society’s former
Chief Executive Officer approached Blair to become an economic
Request a business name or use a Numbered Company to register a development officer. The organization’s businesses grew under
corporation. their direction, and when Grayson left in 2016, the board quickly
To register a business in the BC Business Registry, set up your BC found a ready replacement – Blair Mirau.
Services Card app or BC Token as you will need this to log in securely Blair became the visionary behind the development of the
and easily access your business. Economic Development Corporation and was tasked with the
For more information about the BC Services Card, please visit: How to society’s goal to achieve economic self-sufficiency over the next
set up you BC Services Card Account. 10-15 years, a $1M price tag. With the freedom and flexibility to
do whatever it took to get to business and start making money to
be able to fund their own programs and services, Blair took a risk
BC Business Registry Access purchasing a small local garden centre and lawn care business. At
the time with only two lawn cutters and a rusted Ford F150 Blair
To register a business in the BC Business Registry, first set up your BC saw so much potential and it has “really paid itself off in spades.”
Services Card account. You will need this to log in securely and easily
For the full Interview visit:
access your business. Note that:
www2.gov.bc.ca/gov/content/employment-business/business/
You don’t need to be a resident of B.C. to start a business. You can live small-business/small-business-success-stories
outside of B.C.
If you live in Canada, you can set up a BC Services Card account and
use it to log in and start your business. View the accepted IDs you can
use to set up your BC Services Card account.
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14 STEPS TO 2 Understand
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and at least a few basic business skills to start and run a small There are other business structures, such as societies, franchises and
business successfully. cooperatives to consider:
British Columbia is home to a diverse range of not-for-profit
The Small Business BC website provides direction on how to evaluate
organizations – also known as societies. Learn more at:
and test your idea for a new small business.
www2.gov.bc.ca/gov/content/employment-business/business/not-for-
www.smallbusinessbc.ca profit-organizations
To get started, see their “how to” guide on evaluating your business The Province wants to make sure that franchisees have access to the
concept. www.smallbusinessbc.ca/resource/howtos-checklists/ information they need to help make well informed decisions before
evaluate-your-business-idea/ purchasing a franchise. That’s why we have created a suite of materials
The Business Plan Checklist makes sure you’ve completed your to help inform your decision. Learn more at: www2.gov.bc.ca/gov/
research and thought through your idea. content/employment-business/business/small-business/resources/
www.smallbusinessbc.ca/resource/how-tos-checklists/business- starting-a-franchise-in-bc
plan-checklist/ Corporations Canada (part of Innovation, Science and Economic
Development Canada) provides extensive information on corporations,
Another great resource is Small Business BC’s list of Frequently Asked
including the benefits of federal incorporation if you want to expand
Questions, which answers the most common inquiries heard from
your business to other provinces. Visit: www.corporationscanada.ic.gc.ca
entrepreneurs when they’re first starting a business. If you have an idea
and don’t know where to begin, visit: www.smallbusinessbc.ca/faqs
ASK FOR ADVICE
If you’re interested in starting a business, but you just don’t have that
If you are not sure which business structure will be best for your
great business idea yet, Small Business BC can suggest a number of
business, we recommend you talk to a lawyer and an accountant to find
resources to help you research key industries, emerging trends, and
out what each type requires, both legally and financially.
local competition.
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If you’re unfamiliar with business planning, start by reviewing
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Engineer Sam Mod was out of his element To have someone review your business plan, make an appointment
when he emigrated from India to Victoria in with a Business Advisor at Small Business BC. They offer business plan
2013 to pursue an MBA at UVic. With experience review services if you’re seeking financing, submitting a business
developing mobile apps for large corporations proposal or just looking for a professional assessment. Small Business BC
in India, Sam and his business partner, Rohit also offers services to review sections of your plan, such as the executive
Boolchandani, were in over their heads with a failed first attempt summary or the marketing plan. All information submitted to Small
as entrepreneurs. Little did they know that starting a business took Business BC will be kept in total confidence and will not be distributed
a lot of time and effort especially in a new environment. Full of or communicated without first obtaining your express written consent.
ambition and hustle they found their niche in Victoria’s thriving Go to: www.smallbusinessbc.ca/service/advisory
tech scene. With no network, finances and full of culture shock, they
worked tremendously hard to achieve what is seemingly impossible
for most. That was then and this is now… SMALL BUSINESS SUCCESS STORY:
Envol Strategies
Co-founded in early 2014 by Sam and Rohit, FreshWorks Studio is
now a multimillion-dollar, award-winning Victoria, Vancouver and Raised in a family-owned trucking business,
Seattle based firm working in the space of digital transformation. Brianna saw firsthand the difficulties that
organizations have with building and retaining
For the full Interview visit: great teams. After graduating from UBC with a
www2.gov.bc.ca/gov/content/employment-business/business/ BComm in 2012, Brianna got into the recruitment
small-business/small-business-success-stories business with a Vancouver-based company and saw an opening in
the market she knew she could fill.
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That’s why Brianna built Envol, an employer branding, recruitment
Develop a marketing and talent acquisition firm specializing in helping
Business Plan businesses grow. Primarily working with small and medium-sized
BC businesses, Envol helps organizations identify who they are
You’ve no doubt heard the expression, “Failing to plan is planning to as an employer, what makes them unique and then attract the
fail.” Many entrepreneurs write a business plan only when they need right people to support ongoing growth. Through strategic talent
to secure start-up financing. However, your plan is far more than a acquisition, Envol provides invaluable support on the full employee
document for banks and investors to read; it’s an invaluable roadmap life cycle. Envol prides itself on helping smaller companies grow –
for launching and growing your business. With a plan, not only can you it’s very much a hands-on partnership.
spot potential weaknesses, opportunities and threats, you can make
informed decisions about your venture before you commit yourself For the full Interview visit:
legally or financially. www2.gov.bc.ca/gov/content/employment-business/business/
small-business/small-business-success-stories
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4 Secure Your out to those wanting extra capital to compete in global markets. For
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In addition, financing for small business is available through Business names must have both a distinctive and a descriptive element,
the following: like “ABC” (distinctive element) “Landscaping” (descriptive element). You
must add a corporate designation, such as “Ltd.” if you are planning to
The Canada Small Business Financing Program makes it easier
incorporate your business.
for small businesses to get loans from financial institutions. The
Government of Canada shares the risk with lenders to make it If you need help coming up with a great business name,
possible for more entrepreneurs to receive financing. For more Small Business BC offers some tips on how to choose the perfect name.
information on eligibility call 1 866 959-1699 or visit: Visit: www.smallbusinessbc.ca/article/choosing-a-business-name-
www.ic.gc.ca/csbfp made-easy/
Futurpreneur Canada provides youth aged 18-39 with start-up
It’s a good idea to have a first, second and third choice for your business
financing (loans up to $45,000) and mentorship to help launch and
name, just in case the name you want is not available. You can do
sustain successful businesses. www.futurepreneur.ca
some preliminary research for potential conflicts by looking through
WeBC provides business loans up to $150,000 to women in B.C. telephone listings, business directories or similar publications. You can
who own a business or are thinking of starting or buying a business. also search for existing names on the BC Registry Services to see if the
www.we-bc.ca name you’ve selected has already been registered. View:
If you live in rural B.C., visit your local Community Futures British www.bcregistrynames.gov.bc.ca/nro
Columbia office. To find the one nearest you, call 604 289-4222 or
You can download the Name Approval Request form at:
visit: www.communityfutures.ca/location-finder
www.bcregistryservices.gov.bc.ca/bcreg/corppg/forms.page
The Investment Capital Branch offers programs to help small The form also includes guidelines for choosing a name.
businesses gain access to investment capital, from those just starting
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7 Secure Your
You can also apply for a Name Approval Request at:
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secure a domain name (a name that will identify your Internet website)
Register Your and hosting service. You can research whether the domain name
Business you want is available, and buy the rights to that name. For a guide on
how to launch your website, see Small Business BC’s How to get your
If your business is a sole proprietorship or general partnership, you can Business Online at: www.smallbusinessbc.ca/article/launching-your-
register it easily with the Province of British Columbia online using the website-how-to-get-your-business-online/
OneStop Business Registration Service at:
www.onestop.gov.bc.ca It’s also important to secure your presence on social media early on in
your business, even if you don’t actively use it until later. Social media,
You will need VISA, Mastercard or American Express to complete and although very effective for many entrepreneurs, can also be extremely
pay for this transaction online. Over-the-counter payments to register time consuming, so think about your product or service and decide
(using cash, debit card or cheque) are accepted at OneStop locations which social media platform will make the best use of your time.
such as Service BC Centres.
Small Business BC offers seminars and webinars for business owners
If you decide you want to incorporate, you must file an Incorporation who want to learn more about how to use social media to grow and
Application with BC Registry Services. develop their business. To register for an upcoming session, visit:
Apply online using Corporate Online at: www.corporateonline.gov. www.smallbusinessbc.ca/seminars/
bc.ca (pick “File an Incorporation Application” on the home page).
You can also book a one-on-one session with an expert through Small
See the registry’s website for detailed information on the application Business BC as part of their Talk to an Expert series. Sessions are available
process at: www.bcregistryservices.gov.bc.ca at their Vancouver office or via Skype from anywhere in B.C.
For information about applying for federal incorporation, visit www.smallbusinessbc.ca/services/talk-to-an-expert/
Corporations Canada at: www.corporationscanada.ic.gc.ca
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8 Register for Provincial
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Afke decided to fill a gap in the market and as luck would have
Register for Goods and it a wonderful food grant came through from the Small Business
Services Tax (GST) Association of BC which allowed her to purchase a commercial
grade dehydrator that she had her eyes on for a long time – it
If you sell or provide goods and services in Canada and your annual
would be her ticket to scale up and support the production demand
worldwide GST taxable sales, including those of any associates, are more
for Okanagan Rawsome.
than $30,000, you may be required to register for goods and services tax
(GST). Okanagan Rawsome is a proud family business created by Afke
Zonderland and her daughter Anna. They are a family “Farm to Fork”
business in the small rural area of Grindrod.
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10 Complete Other government e-services regularly, you will need a business BCeID.
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coverage, managing claims, and meeting your responsibilities for health
and safety. Get
Generally, you need coverage if you: Support
• Employ and pay workers on a regular, casual, or contract basis In British Columbia entrepreneurs are fortunate that so much support
• Come from another province or country to do work in B.C. exists to help them launch and grow a successful business. That being
• Work in the commercial fishing or trucking industries said, some of the best advice and guidance you can receive will come
from experienced business owners themselves.
BUSINESS RECORDS Joining a local business group or networking group is a great way to
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14 Check Out Other
access experienced entrepreneurs, as well as to find potential clients.
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Small Business BC WorkBC
Comprehensive business information and business Information and resources to help employers fill jobs,
planning resources for starting and growing a find the right talent and grow their business.
business in British Columbia. www.workbc.ca
1 800 667-2272
www.smallbusinessbc.ca All Nations Trust Company (ANTCO)
Financial services, business support and advisory
BC Registries and Online Services services for Indigenous entrepreneurs.
Online business registration and change 1 800 663-2959
of business address. www.antco.bc.ca
www.bcbusinessregistry.ca
WeBC
Small Business Branch Business information counselling and skills
Information on provincial government programs training for women entrepreneurs.
and services. 1 800 643-7014
250 387-4699 www.we-bc.ca
www.gov.bc.ca/smallbusiness
Innovation Canada
ServiceBC Provides a personalized list of funding, loans, tax
Province-wide access to government services credits, wage subsidies, internships and more in less
including key government transactions for business. than three minutes.
1 800 663-7867 http://innovation.canada.ca
www.servicebc.gov.bc.ca
Community Futures British Columbia
FrontCounter BC Business counselling and assistance for new and
Single window service for clients of provincial existing businesses in rural British Columbia.
natural resource ministries and agencies to obtain 1 604 289-4222
information and authorizations needed to start or www.communityfutures.ca
expand a business.
1 800 663-7867 Société de développement économique
www.frontcounterbc.gov.bc.ca The Francophone Economic Development Socitey
provides business information, support, networking,
Futurpreneur training and mentoring for francophone and
Provides mentoring services and loans to grow the francophile business in British Columbia.
economy one young entrepreneur at a time. 1 604 732-3534
1 866 646-2922 www.sdecb.com
www.futurpreneur.ca
Western Economic Diversification Canada
BizPaL Works to strengthen western innovation, business
Online tool to quickly and easily identify permit and development and community economic development.
licensing requirements for business. 1 888 338-9378
www.bizpal.ca www.wd-deo.gc.ca