Step 1 of 13
Choose your structure and business name
Decide how the business is set up and what it is called.
- Time
- 1–2 hours
- Cost
- Free
Structure
Start as a sole proprietorship. It is the cheapest and simplest option, and you can incorporate later if the business grows.
The trade-off is that you are personally liable for the business. Manitoba's own guidance says the owner is personally liable for all business debts. Insurance (step 7) is how you manage that risk.
Name
- If you trade under just your own first and last name (for example "Jane Smith"), you do not have to register a business name.
- If you use any other name, for example "Jane's Gift Shop", you must register it in the next step.
Checking the name
The Manitoba Companies Office publishes guidelines for choosing a business name. In the next step you ask it to reserve the name, and it tells you whether the name is available. Read the guidelines first so your request is not rejected, because each request has a fee.
Keep it practical
Choose a name you are comfortable seeing on a bank statement, a licence and a shipping label.