Re:A Y Combinator Story - What's the interview like?
by jadams on Thursday March 15, 2007 @01:14PM
(#4403)
If you're in Canada, and you set up a sole proprietorship for your dad, then you didn't incorporate it. Corporations and sole proprietorships are mutually exclusive categories of companies. Setting up a sole proprietorship is as easy as going to a business kiosk and filling out some forms.
[ Parent
| on HN ]
Re:A Y Combinator Story - What's the interview like?
by papersmith on Saturday March 17, 2007 @04:21AM
(#4725)
Setting up a sole proprietorship is as easy as going to a business kiosk and filling out some forms.
I think in BC you don't even need to register if you use your own name, so it's completely free (money/bureaucracy).
Re:A Y Combinator Story - What's the interview like?
by python_kiss on Saturday March 17, 2007 @06:51AM
(#4737)
That is also true in Ontario, Canada; you are not required to incorporate if you're using your own name for the business.
Re:A Y Combinator Story - What's the interview like?
by jadams on Thursday March 22, 2007 @12:29PM
(#5710)
You're using the word "incorporate" incorrectly, which was my original point. To incorporate means to start a corporation. Therefore, registering a sole-proprietorship is, by definition, not incorporation.
The more general term is "register", which applies to the three forms of business: sole-proprietorships, partnerships, and corporations.
What you're thinking of is a business name registration. If you do business as your exact name, you don't need to register a name. If you make more than, $30k (I think), then you do need to register for a GST number.