There is actually no question that Ontario is the high-quality vicinity to begin a business in Canada. It is the biggest neighborhood economy with near 13 million and growing residents. It additionally has the highest in keeping with capita income in Canada. The business infrastructure is nicely hooked up, making the business registration system an awful lot less complicated to execute.
When you make a decision to contain a enterprise in Ontario, you should decide whether or not you need a sole proprietorship, a partnership or a restrained legal responsibility partnership. No matter which you opt for, I will help you navigate the Ontario commercial enterprise registration procedure inside the following few sections.
Naming Your Business in Ontario
I will discuss registering both a sole proprietorship and a agency in accounting services hong kong this section. If you want to run your enterprise as a sole proprietorship you do not want to formally sign in your commercial enterprise name. However, as a agency you ought to undergo the formal Ontario enterprise registration manner.
Even as a sole proprietorship, in case you are going to name your enterprise anything apart from your call, you will must undergo the formal Ontario enterprise registration system. A enterprise’ call is registered with the Companies Branch of the Ministry of Consumer and Business Services.
As a commercial enterprise, you have to make a selection whether you need to incorporate in Ontario only or if you want to contain in Canada. If you want the latter, you may have to federally incorporate which establishes you as a corporation in all of Canada. For our functions but, I will cognizance on Ontario commercial enterprise registration handiest, which is called a provincial incorporation that establishes and protects your business’ call in Ontario and Ontario best.
WARNING: Be very careful when choosing a name on your enterprise. No matter what business type you start, you can’t use any names that resemble any connection with any entity of the Canadian Government, a province, burrough, the Crown or any entity related to it, any municipality or any other form of felony entity. The best exceptions to this are express permissions received from the entity whose name is being used itself.
Researching Your Business Name
Although the Ontario enterprise registration authorities will inform you if you have a business name equal to another current one, they may not inform you whether or not your call is similar to an current one. Only you can try this through looking the commercial enterprise call database. Why is this crucial? This step is crucial so you are not sued by using an existing commercial enterprise for infringement of trademark.
Searches may be performed for $12 or much less, online or individually by way of travelling the Companies Branch this is located at 375 University Avenue in Toronto. In addition, you should undergo the Electronic Corporate Index to study the versions of your contemplated business name. You also can conduct your seek on-line thru a pair on-line sources which are encouraged through the Ministry of Consumer and Business Services. Two resources are the following:
OnCorp Direct Inc.