Starting a Business in BC

Starting a Business in BC

Starting a Business


The road to starting a business can be a bumpy one. If you’re not sure where to start, or what to do next, these tools and resources can help you pave the way.

Evaluate and Develop Your Idea

Doing some research now can save you time and money. Explore the realities as well as the possibilities.

Conduct Market Research

Your product or service needs a market.  Learn the what, why and how of this critical step.

 Write Your Business Plan 

Summarize and document your plan to create a roadmap. Keep it realistic and concise; your business plan will help you explain to others what you are doing and how you will achieve your goals.

Explore Financing Options

Most new businesses need start-up money. Identify a source that aligns with what you need.

Choose a Business Structure

Decide which business structure is most appropriate for you: a sole proprietorshippartnership, or incorporation.

Each structure has different legal and financial implications. To learn about the advantages and disadvantage of each, visit the Business Structures Information Sheet.

A lawyer or chartered accountant can also help you determine which structure is most appropriate for you.

Set Up your Business

Once you have your roadmap, it’s time to make it legal.

Permits and Licences

Depending on your business activities and location you may be required to obtain various permits or licences and or complete registrations from the local, provincial and or federal government.

Support for Small Business

Look no further for useful small business information and resources.

Source for this Article

This very useful guide was written and posted on the Province of BC website linked here.

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