Ontario is a great place to start a business. For one, Ontario is Canada’s largest population, with a population of 12.5 million, the country’s highest personal income. The state also makes it easy to find and access the information you need to register for business.
The first part of this article will guide you through the steps of business registration for an Ontario proprietary, partnership or limited liability partnership.
Step 1. Select the name of your business.
You can use your name to operate sole ownership without any additions. If you choose to do this, you do not need to register the name of your business. But when you call anything else, your business name must be registered with the Consumer and Business Services Ministry branch office. So if I set up my business as an exclusive owner and do business under the name “Susan Ward”, I don’t need to register it. If you want to use the name “Susan Ward & Sons” or “Ward’s Word Emporium”, you must complete the business registration process.
<! According to Ontario’s Business Name Act, individuals can be fined up to $ 2,000 for up to $ 25,000 if registration fails, or if they register incorrect or misleading information. I can do it.
Registering the name of your business does not use that name exclusively, but it turns out to be worth it. Not only are you confident that you have chosen a business name for your sole ownership, but you also need to choose a company name that is acceptable to your branch office, as well as attracting customers and customer celebrities.
Certain words and expressions are prohibited.
For example, you cannot use words that mean incorporation, such as Limited or Inc., or words that mean that you are associated with a government branch. When you register your store name in Ontario, you’ll see all the words and expressions that aren’t included in your sole owner’s name.
Step 2. Search or search for the selected business name (and/or similar name) to find out if other companies are using the name you have selected.
Registration of the company name does not guarantee exclusivity. (Business name protection is done by trademark registration, not trademark registration). The Business Name Law does not prohibit the registration of the same name, so you can register a business name that is already used by another company. If you do so, or if you register a confusingly similar name, a proceeding may occur, so name to see if someone else is using the business name you want. It is recommended to search for. There are several different search options that you may want to pursue. Searching for each name costs $ 8-12, depending on where and how the search is performed.
Searching the public records of a business name at a corporate branch (on the second floor of 375 University Avenue in Toronto) will show you if you are using the business name of your choice and the location of that business. No business or company name variations are displayed.
You can also browse the electronic corporate index or ask for a company search while at the company branch.
You can also get NUANS reports. NUANS (New Upgraded Automated Name Search) is a corporate list throughout Canada. The NUANS search displays company names, trade names, and trademarks that are similar to the name you searched for. To search for NUANS, you need to contact a private service provider that is not offered by your corporate branch (listed in “Searchers of Records” in Yellow Pages).
Now that you’ve selected your business name and searched for it (if needed), you’re ready to register your own ownership or partnership through the actual business registration process. If you continue with the business registration procedure,
Step 3. Register your business name.
You need the name and address of your business, a description of the business activities you are performing, your name and your home address. (You need an address where you can submit legal documents; post office boxes are not accepted). If you are registering the names of partnerships with up to 10 partners, the names and home addresses of all partners.
Ontario has a variety of access options that make it easy to register your business name. For example, you can register directly or by email through the branch office. (The form is available from the branch or local registry office.) The registration fee for the business name at the postal or company branch is $ 80. If you register directly, you will receive a master business license (certificate of business name registration) immediately. If you register by mail, you will receive it in 6-8 weeks.
You can also register your business name through either the government or a service provider that has a contract with the Ministry of Consumer Services. For service providers, see the ServiceOntario website.
Alternatively, register your business online through Service Ontario.
If you register your business name on the ServiceOntario workstation or website, the price is the same. $ 60. If you register your business name directly or by email with the business owner or personal property branch, the business registration fee is $ 80.
There is also a difference in time to complete the procedure and obtain a master business license. If you register from Service Ontario, you will receive a master business license by email in 2 days. If you complete your business registration at the branch or dedicated workstation, you will get a master business license on the fly. On the other hand, if you mail it with business registration, we will mail the master business license in 6 to 8 weeks.
Another benefit of doing business registration through the Service Ontario website (or self-help workstations throughout the state) is that you can electronically complete other required business forms such as Retail Sales Tax Vendor Permits, Employer health tax, occupational health and safety committee, etc.
You can also register your business name through the Canada Revenue Agency’s Business Registration Online (BRO) service. The advantage of doing this is that you can register for other CRA accounts as needed, such as GST / HST registration and payroll deductions.
Step 4. Register any other licenses, registrations and accreditations required to operate your business legally.
Depending on the type of business you are running, you may need a business license. You must do business under state and federal law. This means that you need to enrol in workers’ compensation insurance or get a GST / HST. My clue to starting a business is a starting point for figuring out which rules apply to you. The government’s BizPal service allows you to accurately view the licenses and permissions you need.
Step 5. Upgrade/update your business name registration as needed.
The company name registration must be renewed every 5 years. The branch does not send notifications. Re-registration is your responsibility. If the business name or ownership of the business changes at any time, you will need to re-register the business name and pay the registration fee again.
Register your company in Ontario
Registering a legal entity in Ontario is also very easy. (Remember that the state was established as an Ontario-only legal entity, and the company’s name is protected only in Ontario. Unlike a federal legal entity that establishes a legal entity that has the right to operate anywhere in Canada. , It is protected nationally). To set up in Ontario:
1. Choose the name of your company.
As with sole ownership or partnerships, there are some restrictions on the names you can use. For example, words that mean connected to Crown, Government, Government of Canada, State or Territory, Municipality, or Crown, Government or Municipal Agency may not be used without written consent Appropriate Authority. 2. Perform a name search (unless you run a numbered company).
This search is performed by a record searcher and ensures that no one else has a business mark or registered trademark with the same or similar name as your company’s name. You must submit the current NUANS (New Upgraded Automated Name Search) report along with your application. 3. Articles of Incorporation (Form 1 based on the Corporate Law)
Please fill out the.
If you use paper forms to create files in the old fashioned way, you can purchase Business Incorporation forms from an attorney, legal stationery store, or name search company. If you choose the incorporation process electronically, you can complete the Articles of Incorporation online using either Cyberbahn Inc. or OnCorp Direct Inc. Four. Create a cover letter.
This cover letter identifies your company’s contact name, reply address, and phone number. If you registered electronically through Cyberbahn or OnCorp, you will also complete your cover letter online. Five. Submit to submit your application. The application must include the completed Articles of Incorporation, a cover letter, and a current NUANS name search showing the name searched, the NUANS booking reference number, and the NUANS date, and the appropriate price.
If you submit the documents directly or by email at the company branch or land registry, the registration fee is $ 360. If you submit it electronically, you will be charged by your primary service provider, adding $ 300 to the statutory fee.
Need more information? Ontario business entities are processed through the Government Services Department’s Corporate and Personal Property Security Branches. You can contact the Toronto Ministry (416) 314-9151 or the toll-free number 1-800-565-1921. Their mailing address is:
Corporate and Personal Property Security Branch
Ministry of Government and Consumer Services
393 University Ave., Suite 200
Toronto on M5G 2M2
If you’re wondering if you should incorporate your small business, my article “Should you incorporate a small business? Outlines the advantages and disadvantages of embedding. Also, various aspects of corporate establishment and federal corporations. If you’re wondering if you’re in the best position for your business, visit the Incorporation Information Library. Once you have a certificate of execution, it explains what to do.