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Starting a Business in BC? Here’s What You Need to Know First

Starting your own business in British Columbia is exciting, but it can also be overwhelming. Between legal requirements, financial decisions, and digital tools, there’s a lot to keep track of. That’s why we created the Checklist for Small Busines Startups in BC—a practical guide to help you start strong.

In this post, we’ll walk through a few of the most important first steps you’ll find on the checklist, along with a few tips we’ve gathered from supporting local entrepreneurs.

1. Choose the Right Business Structure

One of the first major decisions you’ll make is how to legally structure your business: sole proprietorship, partnership, or corporation. Each comes with different tax, liability, and reporting implications. If you’re not sure what makes the most sense, it’s worth having a conversation with a business advisor, lawyer or accountant before registering.

2. Register Your Business and Name

Once your structure is in place, you’ll need to register your business name (if applicable) and apply for the necessary licenses and permits. In BC, this typically starts with a name search and registration through BC Registries, followed by obtaining a business number from the CRA.

3. Set Up a Reliable Accounting System

Keeping your finances organized from day one is critical. Cloud accounting software like QuickBooks or Xero can help you stay on top of expenses, track revenue, and prepare for tax time without stress. If you’re not sure what to choose or how to set it up, we can help you find the right fit.

4. Build a Digital Toolkit That Scales With You

Beyond accounting, digital tools for communication, project tracking, and document storage will help you stay efficient as your business grows. Whether you’re launching solo or with a team, it’s worth investing early in systems that will grow with you.

5. Starting a Business in BC? Get Support Where You Need It

You don’t have to figure it all out alone. Whether you’re making sense of startup challenges or preparing for growth, having a team that understands BC’s business landscape can make all the difference.

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