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{{ | {{REVIEWEDPLS | reviewer = [http://severidelawgroup.com/oliver-b-hamilton/ Oliver Hamilton], Severide Law Group|date= July 2018}} {{Dial-A-Law TOC|expanded = business}} | ||
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There’s a lot to be said for starting your own business. You can be your own boss, and shape something of value. Learn the options and considerations in starting a business. | There’s a lot to be said for starting your own business. You can be your own boss, and shape something of value. Learn the options and considerations in starting a business. | ||
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====A way to limit your liability==== | ====A way to limit your liability==== | ||
A '''limited liability partnership''' (LLP) can limit your liability for another partner’s actions. You should discuss it with a lawyer. Our information on [[Forming a Partnership ( | A '''limited liability partnership''' (LLP) can limit your liability for another partner’s actions. You should discuss it with a lawyer. Our information on [[Forming a Partnership (No. 266)|forming a partnership (no. 266)]] has more on this. | ||
For tax purposes, each partner treats their share of the partnership's profits as personal income. | For tax purposes, each partner treats their share of the partnership's profits as personal income. | ||
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In addition to filing tax returns, each year a company must file either provincial or federal corporate returns with the corporate registry in the jurisdictions where it operates. | In addition to filing tax returns, each year a company must file either provincial or federal corporate returns with the corporate registry in the jurisdictions where it operates. | ||
For more information on incorporating a company, see our information on [[ | For more information on incorporating a company, see our information on [[Incorporating a Company (No. 267)|forming a private company (no. 267)]]. | ||
==Next steps== | ==Next steps== | ||
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===Registering your new business=== | ===Registering your new business=== | ||
The provincial [http://www.bcbusinessregistry.ca/ OneStop Business Registry website] lets you apply for various business licences and registrations at one time. It also refers you to “kiosks” where you can get a real person to help. The OneStop Help Desk number is 250-370-0332 in Victoria or 1-877-822-6727 elsewhere in BC. | The provincial [http://www.bcbusinessregistry.ca/ OneStop Business Registry website] lets you apply for various business licences and registrations at one time. It also refers you to “kiosks” where you can get a real person to help. The OneStop Help Desk number is 250-370-0332 in Victoria or 1-877-822-6727 elsewhere in BC. | ||
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