[Slaul]

I have a question about starting businesses...I'm getting ready to launch an MVP and it never occurred to me to research opening a specific bank account for it, whether or not I need to get a sole proprietorship (I'm in Canada, afaik this is our version of LLC more or less), etc. Anybody have any good resources for this stage of the process?

[jeffreyrogers]

In the US a sole proprietorship is different than an LLC. It's basically just an alias that an individual uses to operate as a business. I think this is the same in Canada. An LLC limits your liability in the case that the business goes bankrupt or someone sues you or something like that so that your personal assets can't be taken.

I'm hesitant to give legal advice, especially to someone in another country whose laws I don't know, but in the US sole proprietorship are very common for small businesses and you can always switch to an LLC (or its Canadian equivalent) later.

[fishbone]

You might want to wait until you have some customers and some traction, but when you are ready, check out Stripe Atlas.