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We hope you will discover various and useful business information to help you reach your goals.
 

Government Regulations

There are a number of legal and regulatory requirements large and small businesses may be obliged to follow. Some are laid by federal or provincial government, some by the municipality and others by regulatory bodies and it is very important to find all the rules and regulations that apply to your type of business. Professionals can help you determine all the regulations and rules that apply to your concern and assist you with compliance so important to the legal operation of your business. Our list indicates some, but this list is by no means complete. For details, fees and other application requirements contact and consult the local office responsible for the administration of the specific regulation in the municipality in which your business are or will be located.

LICENCES & PERMITS
REGISTRATION OF A NAME - You may have to register your company name before you start using it.You are responsible for ensuring that the your business name is not already in use.

ZONING AND BYLAW APPROVAL - It is very important for your business to check zoning and bylaw regulations before signing a lease or new construction take place.

LICENCES AND PERMITS - Many businesses, but not all, require a municipal licence, to find out more about that check with your municipal licensing board or commission.

SPECIAL REGULATORY LICENCES - Many businesses may be subject to special regulatory licences. They are designed to protect the interest and safety of the public regarding the use, application or sale or sale of certain items or services (food, alcoholic beverages, drugs, transportation, motor vehicle operations and so on).
TAXES AND DEDUCTIONS
GOODS AND SERVICE TAX - Most goods and services are taxable and some products are exempt from tax. More information about taxation may be obtained from tax offices.

INCOME TAX - Some businesses may have to pay income tax. To find more about that contact your Ministry of Finance.

 MUNICIPAL BUSINESS TAX - Most municipalities levy a business tax, usually assessed as a percentage of the rental value of your business facilities.

MANDATORY EMPLOYEE DEDUCTIONS AND TAXES -If you hire employees, you'll have to make regular deductions from their paychecks.
LEGISLATION AND CONTROL
CONSUMER PROTECTION LEGISLATION - Determine what regulations apply to your business, because that may affect the way you manufacture your product or sell your good or service.

QUALITY CONTROL - Your business may be subject to periodic government inspection to ensure you are meeting accepted standards or practices regarding health and safety, depending on type of your business.

THIS LIST IS BY NO MEANS COMPLETE, BUT INDICATES SOME AREAS, YOU HAVE TO INVESTIGATE TO DETERMINE WHAT REGULATIONS APPLY TO YOUR TYPE OF BUSINESS.

RECOMMENDED  LITERATURE

How to Really Start Your Own Business - W.D.Bygrave, professor of entrepreneurship, Babson College "Gumpert's how-to book is simply the best. No would-be entrepreneur should launch a business before reading this book."

 
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