How Do I Acquire a Business License in Barrie, Ontario?
In Canada, each province issues business licenses for new businesses. Registrations are typically done online via your provincial business website. Register your business with the province in which your business is located . You'll then get the appropriate municipal licenses and permits that will allow you to operate in the city of Barrie.
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Things You'll Need
- NUANS confirmation
- New business registration
- Business plan
- Article of Incorporation (for corporations)
- Additional licenses and permits
Instructions
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Research the different business structure options. There are three types of business structures available to register for in Barrie: sole-proprietorship, partnership and corporation. A sole-proprietorship business is a business in which one individual is responsible for all governing decisions and operations. In a partnership, the responsibility of the business is shared between two or more registered partners. A corporation is a separate legal entity that is governed by a board of directors.
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Create a business plan. A comprehensive business plan acts as a compass for your new business and will guide you along your way. Include financial forecasts, sales strategies, market share prospects and details on how to gain awareness for your brand. Use your business plan to estimate revenue, sales, expenses, profits and losses.
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Perform a Newly Upgraded Automated Name Search (NUANS) before completing your new business registration. A NUANS compares your proposed name to existing companies and trademarks in Canada so there is no duplication or confusion. Once a NUANS has been completed and paid for, you will receive a NUANS confirmation, which must be used on your new business application.
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Complete the new business registration on the ServiceOntario website. Both sole-proprietorship and partnership-based businesses have the same application process and application fee. However, if you are registering a corporation, you must also complete an Articles of Incorporation application along with your business registration and pay a slightly higher registration fee. All applications can also be completed in-person at the Greater Barrie Enterprise Centre.
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Acquire additional licenses and permits. There are additional licenses and permits needed to operate your business in Barrie. For example, businesses selling retail good must possess a municipal vendor license. Businesses selling alcohol or tobacco must apply for a license from the city of Barrie. A list of additional licenses and permits can be found on the City of Barrie By-laws website.
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References
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