Sole Proprietorships

If a formal incorporation doesn’t make sense for your business, DWLC can help you set up a sole proprietorship – The simplest form of a business where the proprietor is self employed, performs all the functions of the business, and assumes all the responsibility.

Sole Proprietorships or General Partnerships requires you to prepare the following:

  • GST/HST
  • Payroll Deductions
  • Import/Export accounts
  • Provincial Sales Tax or PST (new businesses only)
  • WorkSafeBC or Workers Compensation Board of B.C.
  • Local Government Business Licences

It is important you get legal advise if you are not sure whether you require a sole proprietorship, partnership or incorporation.

Knowing your legal rights and responsibilities is very important no matter what  business model you choose. Also, knowing your liability as a business owner is critical and may save you in the long run.

 

Not Legal Advice: The information on our website is for information only and should not be taken as legal advice.  Professional legal advice should always be sought in all areas discussed on this website.