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Becoming a Partnership or a Proprietorship

Advantages of Proprietorship/Partnership
  • Lower start up costs
  • Greater freedom from regulations
  • Possible tax advantages
  • Ease of formation
Disadvantages of Proprietorship/Partnership
  • Unlimited liability
  • Lack of continuity in absence of owner
  • Difficulty in raising capital
  • No name protection
  • Divided authority (partnership)

Name Approval

(131KB)

The name approval form can be downloaded and filled out and brought down to the Comox Valley Economic Development Society to get your name approved. This process takes approximately 24-48 hours

You may also get your Name Approval Online by following a few easy steps
   

Register your Business as a Sole Proprietorship or General Partnership

 This section allows you to register your business as a sole proprietorship or a partnership. In order to complete this you must have an approved name please see above for name approval
   

Statement of Registration

(80KB)

The statement of registration is the form that you fill out when you do not have a credit card to register online
   
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