Start your sole proprietorship in just a few steps
Start your business quickly and affordably as a sole proprietor in Canada. Perfect for individuals who want full control and minimal setup. We handle the registration process for you, making it simple and stress-free.
Trusted by many brands all around Canada!
Excellent on Trustpilot
.webp)
A package for everything
This package includes:
Business Name Registration Certificate (if applicable).
CRA Business Number (BN).
GST/HST Number (if applicable).
Provincial Registration Confirmation (varies by province).
What you need to know about a sole proprietorship
What is a sole proprietorship
A sole proprietorship is the simplest business structure where you and your business are legally the same entity. You maintain complete control over operations and retain all profits while being personally responsible for all business debts and liabilities.
Do you need a sole proprietorship?
Sole proprietorship is ideal if you're just starting out, operating a small business, testing a business concept, or working independently. It's perfect for freelancers, consultants, and small service providers who want minimal paperwork and administrative requirements.
How does sole proprietorship work?
Starting a sole proprietorship in Canada typically requires registering your business name with your provincial or territorial registry (unless operating under your legal name). You'll need to obtain relevant licenses or permits, register for taxes if applicable, and set up a business bank account to separate finances.
Sole Proprietorship Pros and Cons
Pros include simple setup with minimal paperwork, complete control over business decisions, lower startup costs, straightforward tax filing, and all profits flowing directly to you. Cons include unlimited personal liability for business debts, potentially higher personal tax rates, challenges obtaining financing, and limited business continuity if you become unable to operate.
3 steps to set up your business with Bizbuddy
01
Tell us about your business details
Share your company details and we'll handle the rest.
02
Choose the services you need
Select the options and services that fit your business.
03
Si back while we do the work
We'll take care of the process and get your business up and running.
.png)
Set up in just a few steps
A fast, simple, and hassle-free way to incorporate your business.
.png)
Get thigs right
We handle the paperwork, so you can focus on your business.
.png)
Ask the experts
Get guidance from our legal team with a call or expert advice.
Why use Bizbuddy for your business
3 reasons to create a sole proprietorship
Simplicity and affordability
Sole proprietorships have the lowest setup costs and administrative requirements of any business structure.
Complete control
As the sole owner, you can respond quickly to opportunities without consulting partners or shareholders, keeping all profits
Easy tax management
Claim business deductions while avoiding the complexity of corporate tax filings, with no requirement for separate business tax returns.
What our clients say about us
.webp)
Bruce Dallin
BUSINESS SETUP - LOGO DESIGN - BOOKKEEPING
BizBuddy made incorporating my business incredibly easy and stress-free! Their expert guidance and seamless process saved me time and hassle. Highly recommend for anyone starting a new company!
.webp)
Max Elder
BUSINESS SETUP - BOOKKEEPING
I was able to set up my Solo Proprietorship in days thanks to Bizbuddy express service. They give you everything you need to start quickly and hassle-free. Would reccomend to anyone who wants to concentrate on his business more than paperwork.
.webp)
Laura Anderson
BUSINESS SETUP - CONSULTATION PHONE CALL
Bizbuddy helped me set up my Trust Fund effortlessly. Their consultation phone call helped me decide what I really needed and the expert guidance made everything easy and most importantly quick!