Question about starting a company.

[xspider]

Where do you go to register business here in Toronto, On.?
Also what do you need aside from a name?
What's it cost, and how long does it take to do this?

Sorry for the questions. I just getting to the point where I do not wish to work for anyone but myself. No matter what job you go to you happen to find something wrong with it. In my case I seem to find sup's that are prick's or semi-pricks. Or co-workers that cut coners, and never get cought. Which then make's them look fast, and me look slow. Slow because I try to do it by the book type of thing. I'm with the idea if your going to do a job you have to do it right or not at all. So if you own a company, and if you do not mind can you Private message me so we can give each other ideas, and may be we can do business between each other. I would like to make a sort business network type of a thing. Thank you in advance to anyone, and everyone that help's me.

[jovin]

You don't need to incorporate to start a business. But you certainly need to inform yourself before you start a business and the best way to get started is to read a good book on the subject. Check your local library.

[networkguy]

Well do you have an idea as to what kind of business you want to do?

Start off as a self proprieter, its easier and doesn't cost much. In fact all it will cost you really is to do the name search and then register the name.

Be careful, starting your own business while fun, can be stressful, and if its your only source of income, very stressful.

PM me if you want to chat.

NG

[Frogy]

I answered yes but I'm not quite sure what you are after, here is an informative link.......

http://www.google.ca/search?hs=CdK&hl=en&client=firefox-a&rls=org.mozilla%3Aen-US%3Aofficial&q=the+enterprise+centre&btnG=Search&meta=cr%3DcountryCA

[Bogie]

If you really don't know anything about starting a business, I suggest that you contact you local employment resource centre for services/advice available to you.

There are many services that offer assistance to those who want to start their own business, and also some good programs under gov't assistance. The SEA program for example. (Self Employment Assistance)

There is much more to it that simply reading a book. You need to start off right, know what you want to do and how to do it. By that, I do not mean what business you will be in, but rather "how to start and run a SUCCESSFUL business". You do plan on making a profit I presume? Do it right.

Hopefully, tomorrow morning, I may be able to post back some more information for you. It's been a long and busy day (and I'm self employed). When you are self-employed, you need a tough boss!

[T_Totler]

Research, research, and then do more research!

...and after all this research, the first thing you'll need to do is draw up a solid business plan, otherwise you'll be sailing with a rudderless ship.

[Tim]

take Bogie's advice. As a small busines owner I will tell you do the research and be well informed. You will thank yourself later. I made (make!) many mistakes and have learned to listen. :)

Although I have learned, I can easily write a book on how *not* to run a business. :)

btw you can get a master business licience I think it's like 80 some dollars including name search, and it takes about 30 minutes down at I think it's 375 Universtity ave. You can do it online I hear.

check here. http://www.cbs.gov.on.ca/obc/english/4TJTBS.htm

[Bogie]

You have the ear of a few entrepreneurs on this board, but best advice is - BEFORE registering your name, BEFORE making any plans and high asperations - get sound advice.

Considering that you did not know how to register your business name, and what that really means, then you need to really sit down, talk to somebody (counsellor) and start your business plan. You can make one online, but before even attempting that, as you will find out the extreme detail that is required - for your own protection and future SUCCESS - get a proven "battle plan" explained to you. You will need both eyes opened up so that you can see what you are headed for.

Now, that said, it was not meant to put fear into being entrepreneurial, but rather to guide you to the starting gate. The gate to a wonderful and exciting venture as a self-employed person ... and "entrepreneur"! I wouldn't be any other way.

As I mentioned before, YOU become the BOSS ... and you better be a tough one. Starting any small business usually means one person - yourself. Can you handle yourself and manage yourself?

Here is a very good starting point: IF you have contributed to the EI benefits .... you state about working for other businesses. I presume you have EI benefits?

1: This is your #1 place to try
Self-Employment Program (http://www.hrsdc.gc.ca/en/epb/sid/cia/grants/self-emp/desc_self-emp.shtml)

2:
From the Ontario Gov't Employment Assistance - Ontario Works program:

Supports to Self-Employment
Where approved, participants may pursue self-employment activities. Participants interested in becoming self-employed are referred to a self-employment development agency in their community for an assessment of the viability of their business proposal and ongoing support in business development.


For More Information

Ministry of Community and Social Services
Client Services Unit
900 Bay Street, M1-57 Macdonald Block
Toronto ON M7A 1N3

Tel: (416) 325-5666
Toll free: 1-888-789-4199
TTY: 1-800-387-5559
Fax: (416) 325-7136

Toronto Regional offices (http://www.mcss.gov.on.ca/CFCS/en/programs/IES/OntarioWorks/Toronto.htm#Toronto)

[Taz]

Some great advice here, listen to it. I as well am self employed, I am an owner/ operator of a truck. Besides needing a tough boss a self employed person must be willing to work some long and strange hours.( Many days I start at 3am and don't get home until 8:00 pm, I sleep more in my truck than in my bed) You must know just about everything there is to know about how to do the type of work your thinking of doing and then learn more. I suggest taking some courses in business and basic accounting. Find out who your local competition is and what do you have to offer that is better than them.

Here is one very important thing to consider when starting out, if your sick there is no calling in you still work, because if you don't do it no one will. My parents have been self employed for over 40 years and I could count the sick days my dad has taken on 1 hand.

Being your own boss does have its advantages, but it is hard work as well.
If you have a spouse make sure you have their full support.


read
http://www.cbsc.org/servlet/ContentServer?pagename=CBSC_ON/display&c=GuideFactSheet&cid=1085667969058&lang=en


gst
http://www.cra-arc.gc.ca/tax/business/menu-e.html


business registration
http://www.cbs.gov.on.ca/obc/english/4TJTBS.htm

Can be done online $60

[Shaker™]

...excellent advice...I have been an entrepreneur for most of my working days and can only add that you need to have a passion for what you do...you don't hang your hat up after an eight-hour day...there are pluses and minuses, and the former far outweigh the latter if you dedicate yourself...follow the above posts and good luck to you...

[xspider]

Well I found a supplier with a wide range of product's to sell. Stuff ranging from oil warmer set, picture frames, Tool set's, kid's toys, Sports related stuff lik gol plaque. It's a type of company that I do not need to open a store as some walks in to buy the products, but I can do that down the road. I've been thinking of having a team of sub-wholesaling, and everyone on the team only get's paid if they sell. Then as I grow I can offer a wage along with that. I have someone in mind that can do the accounting side of thing's it happens to be the same person that does my income tax. The reason I would to register the business before doing business I think the gov would fine me from what I have been researching. So to recap the company I thinking of starting has very low overhead, and I will not need a loan from the bank. The supplier takes care of the shipping for me, and I have friend's already willing to sell for me some full time, and some part time. Thank you Networkguy I will tak you up on the offer of pm to chat about this. Also Thank you everyone for your tips.


Well do you have an idea as to what kind of business you want to do?

Start off as a self proprieter, its easier and doesn't cost much. In fact all it will cost you really is to do the name search and then register the name.

Be careful, starting your own business while fun, can be stressful, and if its your only source of income, very stressful.

PM me if you want to chat.

NG

[xspider]

Hmm. From reading this I think I might need more research. Thanks again.

[xspider]

I had EI benefits, but it's over now. Right now I'm working in a full time job, but I would like to try to run my own business. But before I quite I would like to get the ball rolling. Get the business running at 100%, and if that takes anywhere from a half year to 2 years then that's how long I guess I have to hold onto my full-time Job. But if I remember I can only join the that program that you refer to if I'm on EI I was on EI, but not working. But I will recheck it just to be sure.


You have the ear of a few entrepreneurs on this board, but best advice is - BEFORE registering your name, BEFORE making any plans and high asperations - get sound advice.

Considering that you did not know how to register your business name, and what that really means, then you need to really sit down, talk to somebody (counsellor) and start your business plan. You can make one online, but before even attempting that, as you will find out the extreme detail that is required - for your own protection and future SUCCESS - get a proven "battle plan" explained to you. You will need both eyes opened up so that you can see what you are headed for.

Now, that said, it was not meant to put fear into being entrepreneurial, but rather to guide you to the starting gate. The gate to a wonderful and exciting venture as a self-employed person ... and "entrepreneur"! I wouldn't be any other way.

As I mentioned before, YOU become the BOSS ... and you better be a tough one. Starting any small business usually means one person - yourself. Can you handle yourself and manage yourself?

Here is a very good starting point: IF you have contributed to the EI benefits .... you state about working for other businesses. I presume you have EI benefits?

1: This is your #1 place to try
Self-Employment Program (http://www.hrsdc.gc.ca/en/epb/sid/cia/grants/self-emp/desc_self-emp.shtml)

2:
From the Ontario Gov't Employment Assistance - Ontario Works program:

Supports to Self-Employment
Where approved, participants may pursue self-employment activities. Participants interested in becoming self-employed are referred to a self-employment development agency in their community for an assessment of the viability of their business proposal and ongoing support in business development.


For More Information

Ministry of Community and Social Services
Client Services Unit
900 Bay Street, M1-57 Macdonald Block
Toronto ON M7A 1N3

Tel: (416) 325-5666
Toll free: 1-888-789-4199
TTY: 1-800-387-5559
Fax: (416) 325-7136

Toronto Regional offices (http://www.mcss.gov.on.ca/CFCS/en/programs/IES/OntarioWorks/Toronto.htm#Toronto)

[xspider]

Well I checked, and they said now that I have a full time job I'm not able to get into this program.



You have the ear of a few entrepreneurs on this board, but best advice is - BEFORE registering your name, BEFORE making any plans and high asperations - get sound advice.

Considering that you did not know how to register your business name, and what that really means, then you need to really sit down, talk to somebody (counsellor) and start your business plan. You can make one online, but before even attempting that, as you will find out the extreme detail that is required - for your own protection and future SUCCESS - get a proven "battle plan" explained to you. You will need both eyes opened up so that you can see what you are headed for.

Now, that said, it was not meant to put fear into being entrepreneurial, but rather to guide you to the starting gate. The gate to a wonderful and exciting venture as a self-employed person ... and "entrepreneur"! I wouldn't be any other way.

As I mentioned before, YOU become the BOSS ... and you better be a tough one. Starting any small business usually means one person - yourself. Can you handle yourself and manage yourself?

Here is a very good starting point: IF you have contributed to the EI benefits .... you state about working for other businesses. I presume you have EI benefits?

1: This is your #1 place to try
Self-Employment Program (http://www.hrsdc.gc.ca/en/epb/sid/cia/grants/self-emp/desc_self-emp.shtml)

2:
From the Ontario Gov't Employment Assistance - Ontario Works program:

Supports to Self-Employment
Where approved, participants may pursue self-employment activities. Participants interested in becoming self-employed are referred to a self-employment development agency in their community for an assessment of the viability of their business proposal and ongoing support in business development.


For More Information

Ministry of Community and Social Services
Client Services Unit
900 Bay Street, M1-57 Macdonald Block
Toronto ON M7A 1N3

Tel: (416) 325-5666
Toll free: 1-888-789-4199
TTY: 1-800-387-5559
Fax: (416) 325-7136

Toronto Regional offices (http://www.mcss.gov.on.ca/CFCS/en/programs/IES/OntarioWorks/Toronto.htm#Toronto)

[Bogie]

Any goverment run program requires you to be unemployed. It falls under the EI benefits.

Check with your local Chamber of Commerce to see if there is an "Enterprise Centre (http://www.ontario-canada.com/ontcan/en/expanding/ex_locations.jsp)" in your area, or click on the link I provided for a list of centres in Ontario. In Barrie, for example, there is the Greater Barrie Business Enterprise Centre (http://www.city.barrie.on.ca/Content.cfm?C=5289&SC=1&SCM=0&MI=766&L1M=41)

They are a good resource for small and emerging businesses.

[xspider]

Well I now know what I want to do for business, and now just picking a name out. Wish there's a site that breaks it down what you need I read the site's above. They seem to go on, and on. Unless I missed something. I wish I can get a point form what you need after you register. Like do you need to get a GST number right away or after a N amount of money then you need a GST number. The same thing with the PST number. Please everyone feel free in letting me know in point form what you need, and any tips plus things to stay way from. Right know I'm working 5 days a week, and I'm dead on my feet on my 1st day off, and then I'm 100% on 2nd day in the afternoon. By the time I read or do something I'm out of time. I wish I can leave my job to work on my dream of my own company, but I need a income still. So I guess I'm cought between a rock, and a hard place. I would like to start my company because I like to have that type of freedom that I've seen my friend has but he's live's overseas so I need some here to help me as much as they can. Thanks. Maybe we can do business together or something. Thanks everyone you've been very helpful. Thanks.

[xspider]

Well I was starting to register my company name, and one of the question was "ontario retail sales rax venders permit". Is taht show I can sell stuff?

[Bogie]

Well I was starting to register my company name, and one of the question was "ontario retail sales rax venders permit". Is taht show I can sell stuff?Depending on what you are selling, you may or may not need a Ontario Sales Tax license. Most physical products, for example, require a Ontario Sales Tax license ... check to see if what your business sells is taxable. There is no minimum on this license requirement.
http://www.trd.fin.gov.on.ca/userfiles/HTML/cma_3_2491_1.html

It is also called a Vendor Permit. This is not a business license but rather your registration to collect and remit provincial sales tax on what you sell. Check the link above to see if you are required to have it.

re: GST
It has a minimum limit, but you can get one if you want before that or at business start-up. Your choice. Just becomes another tax that you have to collect and remit. Unlike PST, the GST is a real pain in managing the paperwork. The amount of sales that require you to obtain a GST license is $30,000 in one year (or 12 month period).
http://www.trd.fin.gov.on.ca/userfiles/HTML/cma_3_2491_1.html

[xspider]

Thanks I will try to read up on the link you have below. It seems that it's timing out on me . Here's a sample web site of the products that I will be selling http://v7layout56.giftshopcorner.com/default.asp
Note the link above is not a live site to buy off of. Thank you for your on going help.


Depending on what you are selling, you may or may not need a Ontario Sales Tax license. Most physical products, for example, require a Ontario Sales Tax license ... check to see if what your business sells is taxable. There is no minimum on this license requirement.
http://www.trd.fin.gov.on.ca/userfiles/HTML/cma_3_2491_1.html

It is also called a Vendor Permit. This is not a business license but rather your registration to collect and remit provincial sales tax on what you sell. Check the link above to see if you are required to have it.

re: GST
It has a minimum limit, but you can get one if you want before that or at business start-up. Your choice. Just becomes another tax that you have to collect and remit. Unlike PST, the GST is a real pain in managing the paperwork. The amount of sales that require you to obtain a GST license is $30,000 in one year (or 12 month period).
http://www.trd.fin.gov.on.ca/userfiles/HTML/cma_3_2491_1.html

[Mouse]

Another 'nosey' poll.

Sorry, this is a problem with me.

:tte: