Not every business needs to incorporate. For many small businesses, freelancers, and entrepreneurs in North Vancouver, BC, registering as a sole proprietorship or partnership is the best way to get started. These business structures offer simplicity, lower costs, and fewer reporting requirements compared to incorporation.
At Westview Accounting & Tax Services Inc., we help new business owners register their sole proprietorships and partnerships properly, ensuring compliance with BC regulations and setting you up for long-term success.
✔ Sole Proprietorship – A business owned and operated by one person. It’s the simplest business structure, requiring minimal paperwork but offering no legal separation between the owner and business.
✔ Partnership – A business owned by two or more individuals. Partnerships can be general or limited, with each partner sharing responsibility for profits, losses, and liabilities.
These structures are ideal for small businesses, consultants, independent contractors, and side businesses that don’t yet need the complexity of incorporation.
Even though sole proprietorships and partnerships are simpler than corporations, they still need to be legally registered to operate under a business name in British Columbia.
Key Benefits of Registration:
✔ Legally Operate Under a Business Name – You must register if you’re using any name other than your own.
✔ Access Business Accounts & Financing – Many banks require registration to open a business bank account.
✔ Compliance with CRA Tax Obligations – Sole proprietors and partners still need to file business taxes and remit GST/PST where applicable.
✔ Establish a Professional Presence – Registration boosts credibility with clients, suppliers, and partners.
🔹 Business Structure Consultation – We help you determine whether a sole proprietorship or partnership is right for your business goals.
🔹 Complete Business Name Registration – We handle the entire BC Business Name Registration process, ensuring compliance with provincial regulations.
🔹 CRA Business Number & Tax Account Setup – If needed, we assist with registering your Business Number (BN), GST/HST account, and payroll account with the CRA.
🔹 Partnership Agreements & Legal Compliance – For partnerships, we provide guidance on partnership agreements to protect all parties involved.
🔹 Ongoing Tax & Business Support – Once your business is registered, we offer tax filing, bookkeeping, and business advisory services to help you grow.
✅ Expert Guidance for BC Businesses – We specialize in North Vancouver-based businesses, ensuring full compliance with provincial and federal requirements.
✅ Fast & Hassle-Free Registration – Avoid delays, errors, and unnecessary paperwork. We handle the process efficiently.
✅ Comprehensive Business Support – From registration to tax filing, bookkeeping, and advisory services, we help your business thrive.
Setting up your sole proprietorship or partnership the right way is crucial for long-term success. Let Westview Accounting & Tax Services Inc. handle the entire registration process, ensuring you start strong and stay compliant in North Vancouver, BC. 📞 Contact Us Today! Get your business registered quickly and professionally.