Statistics Canada recently reported that the nation’s unemployment rate rose in August. As unemployment rates rise, we typically see a rise in entrepreneurship as unemployment lowers the opportunity cost inherent with pursuing any kind of entrepreneurial venture.
However, more than half of entrepreneurs say insecurity about costs is the biggest reason holding them back from starting their business, according to a report from Canadian startup Ownr titled Canadian Entrepreneurs Worried About Rising Inflation: The 2022 Outlook.
Ownr thusly has lowered the price of its Sole Proprietorship registration fee to $49, including government filing fees. The original fee was $89.
The platform for entrepreneurs to incorporate, register, and manage their business understands that small business owners are essential to the success of the Canadian economy and the vibrancy of our communities.
“This new price also makes it one of the most affordable ways to register your business,” the company says. “Lowering the financial barrier to entrepreneurship is an important way to not only support small business growth but to also empower budding entrepreneurs from day one.”
While the government does offer business registration, Ownr goes further with incorporation support, legal compliance, and industry-leading resources.
“By bringing more opportunities to kickstart their future, we want Ownr to be a partner to entrepreneurs at all stages of their business—from ideation to development and growth,” the company says.
Ownr was founded in 2017.