How to Start a Business in NS(Nova Scotia)

Foundations of Entrepreneurship

Consider this a small research project. In 2-3 pages (you can format in paragraphs or bullet points and be sure to double-space) explore how to start a business in NS. Use APA format for your references. Be sure to not copy and paste any information or if you do, to use proper formatting. Even if it is not a direct quote, you still need to reference where you are finding your information.

Hint: There are 10 bullets. If you want to position yourself to achieve a 100% on this assignment, be sure to address ALL questions.

Your assignment must include:

• What are the operating/legal structure options (what are the advantages and disadvantages of each – discuss 2 advantages and 2 disadvantages for each structure)

• What licenses and permits might you need – where do you discover this information

• What needs to happen to register the business

• Do you need to register a business name

• Where/How can the business be registered

• Do you need a business plan

• What market research do you need to do to determine the business opportunity (think: industry size, competition, etc.)

• Where can you find the market research information (discuss 2-3 sources)

• What is available for financing options (discuss 2-3 sources)

• What is the start-up environment like in NS (read 1 to 2 articles and provide a short summary of your analysis of whether NS is supportive of start-ups – why or why not)

 *While there is no magic order for how to start a business, think about answering the question – if I was to start a business, what would be my first step? The next step? …