Want to start a business in Langenburg and don't know where to begin? We have prepared a business start-up guide to assist you.
1 STEP: PLAN YOUR BUSINESS AND GET SUPPORT
Starting a business takes a lot of research. The essential step is to develop a business plan, a written document that describes in detail how your business is going to achieve its goals. Questions you need to think about:
- who your customers are
- who is your competitor
- where you will find suppliers
- what government regulations to follow
- how much money you need and where to get funding
- how you will market your products/services
- where you will find labour and etc.
Who can help you to prepare a business plan?
- SquareOne - Saskatchewan's Business Resource Centre. Their mission is to assist Saskatchewan entrepreneurs in preparing for the first steps of starting or growing their businesses.
- Community Futures East Central - offers many business support services for the SK East Central region, including Langenburg.
- Economic Development Officer, Town of Langenburg.
- Find business plan template: BDB template, Community Features template, Business Plan Guide.
Other agencies where you can get your start-up support:
- Women Entrepreneurs of Saskatchewan - offers advice, training, and mentoring to female entrepreneurs.
- Futurpreneur - helps young entrepreneurs build a sustainable business.
- Business Development Bank of Canada - a bank for Canadian business owners. It offers financial advice, business planning information, and webinars.
- Canada Revenue Agency has a step-by-step tool to help you start your business.
- The Government of Saskatchewan offers many resources.
Useful tools for finding more information:
- The SK Biz Grid - an online directory of agencies, grants, financing programs available to assist small businesses.
- BizPaL - an online service that helps to find the permits and licenses you may need to start your business.
2 STEP: SECURE FINANCING AND SEEK INCENTIVES
You will need enough capital to not only start up your business but to operate it until you start earning revenue.
- Community Features East Central - loans up to $150,000 to Langenburg area entrepreneurs
- Business Development Bank of Canada - loans up to $100,000
- Women Entrepreneurs of Saskatchewan - loans up to $150,000
- Clarence Campeau Development Fund - loans and grants for SK Metis entrepreneurs
- Town of Langenburg incentives and support
- Government of Saskatchewan business incentives and tax credits
- Canada - Saskatchewan Job Grant - up to $10,000 to help train employees
- Town of Langenburg Facade Improvement Grant - up to $7,000 to improve business building facades
- The SK Biz Grid - a grant search directory
- Government of Canada - more information on business grants and financing
- Government of Canada financial support (COVID-19)
3 STEP: REGISTER AND APPLY FOR PERMITS
- Register Business Name with the Corporate Registry. Before you register it, you must conduct a province-wide name search to ensure that no other business has registered a similar name that you want to use for your business.
- Pick the type of ownership (sole proprietorship, partnership, corporation) and register your business with the Corporate Registry. For an explanation of each type of ownership, you can talk to one of Square One's business information officers.
- Register with the Ministry of Finance for PST purpouses. PST applies to the purchase, importation, or rental of certain goods and services.
- Most businesses in SK that employ workers must register and create accounts with the Worker's Compensation Board (WCB). WCB provides workplace insurance coverage.
You need to get a BN (a 9 digit business identifier) at Canada Revenue Agency if you need:
- GST account (if your business total gross revenue is greater than $30,000 in any four consecutive calendar quarters, it is required to register, collect and remit GST;
- Payroll account (to submit employees Pension Plan, Employment Insurance and Income Tax deductions);
- Import-Export account (if you planing to import into Canada or export). Visit Canada Border Services Agency for a step-by-step guide.
Once you have done all the above requirements, you can apply for Langenburg Business License.
Please visit Town Office and get a zoning or building permit if you building a new structure, moving an existing one, or doing structural alternations.
Town of Langenburg