The form of business ownership describes how a business is legally set up. In other words, the form of business ownership is the business' legal structure.The process of creating and registering each form of business ownership differs as well, although the general process of registering each form of business ownership is similar from province to province.

The form of business ownership you choose will affect many aspects of your business' operation, from attracting potential clients through filing taxes, so it's important to choose wisely. You may want to seek professional advice to help you decide.