Thread: Sole Proprietorship question

Thanks Just Confused for your information! I thought about Incorporating my corporation, but I don't make enough money yearly to justify the fees of an incorporation and the fees around it (accountant, etc etc) I understand your concern about the banking issue in that they probably will want me to open another business bank account (I am with BMO myself).

I've never gone the sole prop route, so I'm not sure how your bank will handle it, but I suspect it is similar to what a corporate bank account has. I have one situation with one of my corporations, that similar to what you want to do. It started in one line of business with a bank account. Then I bought a venture from a chap who was running it as a sole prop. I folded that revenue stream into my corporation. I didn't want to...

the city needs to know what nature of your business is. That's my understanding.

I am no where near educated on this, but have been told you can have a main business name and then branch other business names from that. Again, I am told this and do not know for certain.