Before You Begin Your Business
Business success takes more than motivation and determination; careful planning will greatly improve your chance for success. The following information will assist you with important foundational work before you start your new business.
Starting a new business begins with a good idea or a great opportunity. Starting a successful new business begins with a well developed idea and a solid plan. Any successful entrepreneur will tell you the first step to a successful start - Do your...
There are four basic methods of getting into business; start from scratch, purchase the assets of a business that has ceased operation, purchase an existing operation, or pay the fee for a franchise license. There are strengths and weaknesses for each...
Introduction
This guide is intended to inform and assist persons wishing to register a corporate or business name in Prince Edward Island. Although this guide is intended to help you select an acceptable name and have it approved, the information is...
One great advantage of being an entrepreneur is being able to do something you are passionate about or love to do. How do you plan to turn your passion into profit?
Can my idea become my business?
Every new business starts with an idea. You will have...
All PEI companies are required to re-register by May 3, 2023, in the new Online Corporate Business Names Registry as part of the annual return process. The new online system will improve services to Island businesses by:
Simplifying the process for...
Any association intending to form a co-operative in PEI must apply to the Province for incorporation. This includes any housing or other non-profit co-operative. A registered co-operative in PEI operates under the authority of the Co-operative...
A company without share capital and with no financial gain to its members may incorporate for non-profit purposes in Prince Edward Island under the Companies Act: Part II. You can request incorporation using the online form below.
A non-profit...
Any Co-operative Association or Non-profit corporation registered with the Province must renew the registration annually. Please complete the online form below.
What information do I need to complete the online form?
You will be asked to provide:...
Taking the time to map out a realistic plan for your business before you open will pay off in the long run. Many successful entrepreneurs will agree that solid planning, both short-term and long-term, is the key to business success. The plan you begin to...
Introduction
There are four common types of business structures in Prince Edward Island: sole proprietorship, partnership, corporation and cooperative. Each of these structures is described below. The structure you choose will depend on various factors...