Legal Checklist for New Businesses

✍️ By Debbie Balfour | WBN News | July 12, 2025 | Click HERE for your FREE Subscription to WBN News and/or to be a Contributor.

Skipping legal steps early on can cripple your business later. Don’t wing it, plan it. Launching your dream business is exciting, but without the right legal foundation, you’re building on sand. Whether you’re in Canada or the U.S., following a legal checklist protects your investment, reputation, and sanity.

Here’s your must-follow legal checklist for new businesses:

✅ 1. Register Your Business Name

Check availability and register it with your province (Canada) or your state (U.S.). Don’t forget to grab the matching domain.

✅ 2. Choose the Right Legal Structure

Sole proprietor? LLC? Corporation? The right structure impacts taxes, liability, and funding. Get advice early.

✅ 3. Get Required Licenses and Permits

You may need municipal, provincial/state, or federal licenses, especially if you’re in food, health, or trades.

✅ 4. Draft Proper Contracts

Use professionally reviewed contracts for employees, contractors, clients, and partners. Avoid DIY templates.

✅ 5. Understand Tax Obligations

✅ 6. Comply with Privacy Laws

If you collect customer data, ensure compliance with PIPEDA (Canada) or CCPA (U.S. states).

✅ 7. Protect Your Intellectual Property

Consider trademarking your logo, brand name, or digital product to safeguard your brand.

✅ 8. Insure Your Business

Get general liability, E&O, or property insurance based on your industry.

✅ 9. Set Up Employment Policies

Even with one employee, you need policies around hiring, termination, and workplace conduct.

✅ 10. Keep Legal Support Handy

Affordable legal memberships can help you access real professionals to review documents, guide decisions, and prevent issues before they grow.

Still unsure if you’ve covered all your legal bases?
Watch this short video that outlines the essential legal steps every new business owner should follow—whether you’re based in Canada or the U.S. It’s a clear, step-by-step walkthrough to help you start right and stay protected.

👉 Watch Now: Essential Legal Steps for Starting a Business

Avoid Legal Issues

Start your business with confidence, not confusion—because prevention is always cheaper than a legal fix.

Have questions or not sure where to start? I’m here to help, reach out anytime.

Debbie Balfour | Real Estate Investing Success Coach + Podcast Host
📍 Website: https://dbalfour.legalshieldassociate.com/en-ca
📧 Email: Debbie@DebbieBalfour.com
🔗 LinkedIn: Debbie Balfour
▶️ YouTube Channel: youtube.com/@DebbieBalfour

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