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© FundScrip

One of the first legal steps you must take in starting a business in Canada is decide on your business structure. Will you register your business as a sole proprietorship, a partnership, a corporation, a society, or a co-operative. Each form has different legal implications for liability, taxation, and succession planning. Once you have done some research and made this decision, you are ready to register your business name by submitting it for approval online at B.C. Registry Services or in person at Small Business BC.

After your name has been approved then you have 56 days to register your business. You can do this online at OneStop Business Registry, in person at Small Business BC, or by mail to the BC Corporate Registry. Most British Columbia municipalities require you to also register for a business license. You should contact your local city hall to see which permits are required for the type of business you will be operating. It pays to keep up with legal news in Canada that may affect your business because some requirements are subject to change.

© opensourceway

The most recent legal news Canada has released is regarding the fugitive Tunisian. The Canadian authorities are planning on extraditing the billionaire brother in law of the recently deposed Zine El Abidine Ben Ali

The Foreign Affairs Minister Lawrence Cannon states that Canada does not wish to provide refuge for criminals like Belhassen Trabelsi. This is in response to the recent arrest warrants for the family members of the recently deposed dictator. This is due to the corrupt and illegal activities of their family business ventures while the dictator was still in power.

Albeit that, there is no treaty between Canada and Tunisia regarding extradition and deportation, therefore it may take up to 6 months for the Tunisian authorities to get what they want.

President Obama formally ordered Government agencies to review federal regulations and lighten the regulatory cost burden on small businesses. This move was aimed to ensure that regulations are not hampering efforts of small businesses to grow and thrive.
According to this review, the regulatory agencies are expected to propose extended compliance dates and simplify compliance procedures or exemptions for small businesses. If such propositions are not offered by regulatory agencies to small businesses, the agencies have to supply written justifications for the same.
These steps have been taken with an aim to build support among employers. The administration offered a few specifics, but how much of the review would be substantive for small businesses remained unclear. This move has been undertaken merely to formalize the cost-benefit analysis the administration already follows.