Planning:

 Choose form of ownership/business structure.
 Select your business name. Visit the Naming Your Business Page for more information.
 Conduct market research with a SWOT analysis. You can also review local statistics: Huron County demographics & statistics.
 Calculate start-up costs. Here’s a cash flow example.
 Write a business plan. You can start with this business plan  template and make it your own.


Provincial Requirements:

 Register your Business Name (Master Business License).
 Obtain special Provincial licenses and permits if applicable.
 If employees need to be hired, contact the Canada Revenue  Agency for a payroll account and the WSIB within 10 days of hire date if applicable.
 Obtain information on Employment Standards and  Occupational Health and Safety.
 Register for an HST number if applicable.


Municipal Requirements:

 Determine business location and check municipal zoning. Talk to the local BIA if your town has one.
 Obtain special Municipal licenses and permits if applicable.
 Schedule Health and Fire inspections if applicable.


Other Recommended Steps:

 Contact applicable offices to arrange for utility hook-up
 Set up business bank account, payment systems.
 Investigate purchasing and/or purchase business insurance.
 Hire advisors: accountant, bookkeeper, lawyer as needed.
 Register a domain name if planning on developing a website.
 Maintain records on all receipts and expenses– update monthly.  How to report your business income and expenses.