Business FAQ

  • 21
  • Aug2019

Great – I’ve registered/incorporated my business…now what?

If you have incorporated then you will need to file your initial notices, primarily to elect additional directors and appoint officers (President, Secretary, Treasurer etc.). In addition to these initial filings, and regardless of whether you incorporated or registered your business, you may need to obtain licensing and permits from your local authority. The types […]

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  • 21
  • Aug2019

What are corporate supplies?

By law, corporations are required to keep certain corporate records and documents at the registered office address. While there are no mandatory book requirements, traditionally documents are kept in a folder or binder known as the corporate minute book. It’s a convenient and efficient way to keep all of your corporate records organized in a […]

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  • 21
  • Aug2019

Is a Name Reservation necessary for a business name registration?

While a Name Reservation is not mandatory for a business name registration, we strongly suggest that you find out whether someone is already using it before you register your name in order to avoid future potential legal issues. It is possible that a complaint could be filed, forcing you into changing the name of your […]

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  • 21
  • Aug2019

What are the different business registration options?

Sole Proprietorship General Partnership Trade Name/Corporate Style A sole proprietorship is a business registered when there is only one owner A general partnership is a business registration where there are 2 or more partners. Also known as a trade name and is registered to a corporation instead of a person. A benefit of being a […]

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  • 21
  • Aug2019

I have an Ontario registered business. How do I know if I need to register or renew it?

You will need to file a Business Name Registration if you have never registered a Business Name with the Ontario government and received a Business Identification Number before OR if you have filed a business name registration more than 5 years ago without renewing the registration (meaning your registration has expired). Please note that you […]

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  • 21
  • Aug2019

What is the difference between a NUANS® Name Reservation, a Preliminary Search and a Comprehensive Name Report?

A Preliminary Name Search is a prescreen/quick search which allows you to determine the suitability and availability   of a proposed name. A NUANS® Name Reservation, on the other hand, is an actual reservation which holds the name, exactly as entered, for a period of 90 days. Please note that this does not mean the name […]

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  • 21
  • Aug2019

Should I incorporate a named or numbered company?

Legally, there is no difference between a named and numbered corporation. Choosing between the two options comes down to what you wish to do with the company. If you are thinking of developing and growing your business into a recognizable brand, one of the best ways to obtain name protection (and to ensure that your […]

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  • 21
  • Aug2019

If I incorporate federally, do I still need to register in any of the Provinces?

Yes, though it is important to note that you are required to register in the province(s) where you are carrying on business, you should note that this secondary registration is not an additional incorporation. You can contact the relevant provincial authority for further information. As always, our customer service department is also available to answer […]

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  • 21
  • Aug2019

Should I incorporate provincially or federally?

Federal Incorporation Provincial Incorporation Corporate name protection is second only to Trademark Protection. The corporate name is protected across Canada. Corporate name as a right is only protected in the province or territory of incorporation, although the name will also be protected from being used for Federal incorporation purposes by unauthorized parties. Federal Name Granting […]

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  • 21
  • Aug2019

Should I incorporate or register my new business?

The answer to this question will depend on a number of variables as well as your personal goals and comfort levels. While we’re unable to give you a definitive answer, we can highlight a few factors to keep in mind when making your decision: Business Registrations Incorporations Simpler to set up than a corporation Can […]

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