Would like to start a renovation company

2/5/2017 at 12:14:23 PM

Business license, general liability for at least 2million, WCB for all employees would be starting point.

2/5/2017 at 12:20:21 PM

Hello Jay,

Having people skills, be brutely Honest and being patiencent ... this has been the key to my success.

Here to help.

Frank

2/5/2017 at 12:20:51 PM

That's it business license and general liability? Also I have talked to wsib and as long as I am doing strictly residential renovation I will be exempt until I get employees one day but just be I will be exempt.

2/5/2017 at 1:08:46 PM

You will have to pay Wcb for yourself twice a year Jay to prevent contractors covering you.

2/5/2017 at 1:22:39 PM

Is that mandatory in Ontario because I have not found anything relating to that.

2/5/2017 at 1:37:57 PM

You will need:

1.Business name

2.Maybe a operation name(name u use everyday)

3.Business reg number

4.City licence

5.Insurance 1mill and up

6.WCB reg

7.GST and Pst account even when u not charge pst.

Construction company is comsumer but need to register a pst account anyway.

Good luck in the future.

2/5/2017 at 3:29:11 PM

Hi Jay,

WCIB is Optional Only if you are a Sole Propriitor . As soon as you hire someone than you must pay

WCIB. Liability Insurance is not required in Ontario either but in my 30 years as a sole proprietor I've always had at least 2 mil. coverage a must in my opinion. Any and all other trades I hire for big jobs ( Plumbers, Electricians , Gas fitters etc.) are all under contract as Independent Operators and have all there own coverage as required. Once you have applied for and received your HST #, this is considered your business #.