Step 2: Decide on a Business Structure
Most small businesses are operated as one of the following:
- Sole proprietorship, where you are the owner/operator or self-employed
- General partnership, where you join with one or more partner
- Corporation (also known as a limited liability company)
Small Business BC discusses the pros and cons of each business type and structure.
You can also ﬁnd more information about the different business structures through BC Registry Services.
Information on other business structures, such as societies and cooperatives, is also available at Corporations Canada.