Entrepreneurship & Small Business

What’s next after Master business license?

  • Last Updated:
  • Jul 14th, 2019 12:44 am
[OP]
Penalty Box
Sep 29, 2012
664 posts
34 upvotes
Toronto

What’s next after Master business license?

Hello

I registered as sole proprietor, what else I need to do or register ?
Can I start making cash transaction and buy inventory under my business name ? I will be opening bank account tomorrow, I believe it should be okay to open business account with MBL.

Any help or guidance will be greatly appreciated
1 reply
Member
User avatar
Dec 21, 2015
496 posts
173 upvotes
Canada
nothing. you didn't really need to register as sole proprietor if your business name isnt different than your name.

if you start making more than 30k then you need to register gst hst acc

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