Register Your Business in New Brunswick in 5 Easy Steps
Starting a business in New Brunswick is one of the most rewarding decisions you can make. But before you open your doors, you need to make sure your business is legally registered. Here's a straightforward guide to help you get started.
Step 1: Choose Your Business Structure
Before registering, decide on your business structure. The most common options in New Brunswick are:
Sole Proprietorship — Simple and inexpensive to set up. You and your business are one legal entity, meaning you're personally responsible for all debts and obligations.
Partnership — Two or more people share ownership. Like a sole proprietorship, partners are personally liable.
Corporation — A separate legal entity from its owners. Provides liability protection and may offer tax advantages. More complex to set up.
Step 2: Choose and Register Your Business Name
If you're operating under a name other than your own legal name, you'll need to register a business name with Service New Brunswick. You can do this online at www.snb.ca. A name search is required to ensure your business name is available.
Step 3: Get Your CRA Business Number
Once your business is registered provincially, you'll need a Business Number (BN) from the Canada Revenue Agency (CRA). This is your business's tax identifier for federal programs like GST/HST, payroll deductions, and corporate income tax.
Step 4: Register for HST (If Required)
If your business earns more than $30,000 in revenue in four consecutive quarters, you must register for HST (Harmonized Sales Tax) in New Brunswick. Even if you earn less, voluntary registration can be beneficial for claiming input tax credits.
Step 5: Get Any Required Licences and Permits
Depending on your industry and municipality, you may need specific business licences or permits. Check with the City of Moncton and your provincial industry regulator to ensure you're fully compliant.
Need Help Registering Your Business?
Navigating business registration can feel complicated — but you don't have to do it alone. At Debbie Hawkes Consultant, we help entrepreneurs in Moncton and Greater New Brunswick register their businesses correctly and efficiently, including obtaining their Business Number, HST registration, and more.
Contact us today at 1-506-381-5845 or info@debbiehawkes.com to get started.
