Things to Consider
All businesses require some type of business insurance, whether it be general liability, inventory and assets or vehicle insurance. Contact your local insurance provider to see what they recommend. You will need to check this one off the list prior to commencing operations.
Whether you’re going to be operating your business from your kitchen table over-looking the lake, or from a commercial location in one of the County’s beautiful downtowns, your municipality has by-laws in which you must follow. Call or check out your local municipal website to make sure there aren’t any by-laws you need to take into consideration when starting your business adventure.
When registering your business name, you can apply for Workplace Safety Insurance (WSIB). Most businesses within Ontario must register for WSIB within 10 days of hiring their first worker. In addition, those entrepreneurs in the construction industry may fall under mandatory requirements to have WSIB coverage. Discover what your obligations are at the WSIB website http://www.wsib.on.ca . We would be happy to guide you through this process!
As an employer, you will need to be aware of the minimum standards you are required to follow. You can find the document in its entirety here: https://www.ontario.ca/laws/statute/00e41
Don’t forget to see if your business venture qualifies for any government issued grants! http://www.grants.gov.on.ca/GrantsPortal/en/OntarioGrants/GrantOpportuni... https://www.canada.ca/en/services/business/grants.html https://www.ontario.ca/page/southwestern-ontario-development-fund