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There are three simple ways to start a new business in Canada that are cost effective without having to incorporate.
A Sole Proprietorship is the simplest form of business ownership in Canada. It's owned and operated by one individual who assumes all responsibilities and liabilities. In this structure, the owner has complete control over the business decisions and receives all profits generated.
A Partnership is a business structure where two or more individuals share ownership, responsibilities, and profits. All partners share equal responsibility and liability for the business's debts and obligations.
In a Limited Partnership, there are both general partners, who have unlimited liability, and limited partners, who have limited liability and limited control over the business.