REGISTER A SOLE PROPRIETORSHIP IN PEI
1-Hour Service Available
Only $99 + Government Fee
We’re an official intermediary for the Province of PEI.
Register under your personal or business name – No hassle, no delays
Fast. Simple. Affordable
Register Your Business in PEI
PEI Sole Proprietorship
- Managed through Information Services Corporation (ISC)
- Affordable registration with optional name search
- Great for small businesses and startups
PEI Trade Name
- Required for operating under a name other than your legal name
- Available for sole proprietors, partnerships, and corporations
- Simple and efficient online registration
PEI General Partnership
- Simple to set up - no formal registration required unless using a business name
- All partners share equal management rights and responsibilities
- Partners have unlimited personal liability for business debts
PEI Limited Partnership (LP)
- Requires at least one general partner with unlimited liability
- Must be formally registered with the PEI government
- Ideal for investors or passive partners seeking liability protection
WHY START WITH US
Why Register a Sole Proprietorship in PEI?
Thinking of starting your own business on the Island? A Sole Proprietorship in PEI is one of the quickest and most affordable ways to make it official. It’s simple to set up, gives you full control, and has minimal ongoing requirements—perfect for entrepreneurs ready to take the first step.
Here’s why it’s a smart first step:
- Low cost and quick to set up
- Fewer government requirements
- Ideal for freelancers, consultants, and small business owners
- Final documents are emailed within 2 hours—valid for opening a bank account or beginning operations
Simple. Flexible. Built for First-Time Business Owners.
Start Your Business Registration Now
Just 4 Simple Steps
Fill Out The Online Form
Enter your business name, address, and ownership details
Submit Required your Documents
Upload a valid ID and any necessary details
Review & File your Application
Our team will verify and file your sole proprietorship with the respective registry
Document Ready in 30 Minutes
Your official Registered Document will be emailed to you
What Are the Benefits of Registering a Sole Proprietorship?
Affordable to Start:
One of the biggest advantages of sole proprietorship registration is the low startup cost. This simple business structure gives you flexibility to test, adapt, and pivot your business idea without major upfront expenses.
Quick and Easy Setup:
When you register a sole proprietorship in Canada, the process is fast and straightforward. In just a few clicks, you can complete your sole proprietorship registration and officially start operating.
Simple Tax Filing:
With a Canada sole proprietorship registration, business income is reported on your personal tax return. This makes tax season easier, allowing you to deduct business expenses without dealing with complex corporate tax rules.
What Are the Drawbacks of a Sole Proprietorship?
Personal Liability:
When you register a sole proprietorship, you’re fully responsible for your business’s debts and obligations. There’s no legal separation between you and your business, which means personal assets could be at risk if the business faces financial trouble.
Limited Growth Potential:
As your business grows, a sole proprietorship structure can become limiting. Access to funding, business partnerships, and expansion opportunities may be harder to secure compared to incorporated businesses.
Higher Personal Tax Burden:
Depending on how much your business earns, you may find yourself pushed into a higher personal tax bracket. This is something to consider when deciding how to register a sole proprietorship and manage future financial planning.
What Our Clients Are Saying
How to Register a Sole Proprietorship in Prince Edward Island
Frequently Asked Questions
What is a Sole Proprietorship in PEI?
A Sole Proprietorship in PEI is a simple business structure where one individual owns and operates the business. The owner is personally liable for all profits, debts, and obligations.
Do I need to register my Sole Proprietorship in PEI?
Yes. If you’re using a business name other than your legal name, you must register it with the Consumer, Corporate and Financial Services Division of the PEI government.
How long does it take to register a Sole Proprietorship in PEI?
Registration can typically be completed within a few hours to one business day when submitted online or through a service provider. You’ll receive confirmation and documentation via email.
What taxes apply to Sole Proprietors in PEI?
You report your income through your personal tax return. If your business earns over $30,000 annually, you must register for and collect HST (Harmonized Sales Tax).
. Can I open a business bank account with a Sole Proprietorship in PEI?
Yes. After registration, your business certificate can be used to open a business bank account and apply for any necessary licenses or permits.
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