A Master Business Licence registration is available in Ontario to individuals who wish to register a small business. The Master Business Licence is an overall business set up allowing for 3 specific options:
- Sole Proprietorship (1 person)
- General Partnership (2 or more individuals)
- Tradename (doing business as name under an existing corporation)
The Master Business Licence offers a terrific opportunity for those in Ontario to register a business at a nominal fee but along with the low cost of registering, comes the limited availability of what this set up offers to those who register.