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Government Regulations
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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.
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 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). |
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| 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. |
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| 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. |
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| RECOMMENDED
LITERATURE |
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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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