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Business corporations, not-for-profit corporations and cooperatives must comply with certain naming requirements under the Canada Business Corporations Act, the Canada Not-for-profit Corporations Act and the Canada Cooperatives Act.
1. Planning a business. Assessing your readiness, choosing a business structure, market research and writing a business plan. 2. Choosing a business name. Selecting a good name, checking if a name is taken, registering and protecting your business name. 3. Registering your business with the government.
- Considerations For Registering Your Master Business Licence
- Do You Need to Register Your Business Name?
- What Business Name Can You Choose?
- How Long Does A Business Registration Name Last?
- Why Would You Choose to Use A Service Provider to Register Your Business Name?
- Coin – Special Rules For Corporations That Own Business Names
- In Summary
Ontario has some of Canada’s highest personal incomes and a potential market of more than 14 million people, making it one of the most lucrative provinces to set up and run a business. A vital component to running a business is compliance in trade within provincial and federal laws. One such law is the Business Names Act, RSO, 1990(the “BNA”).
Under the BNA, if you are operating a business in a name other than your own, you must register the business name with the province. Registration applies to: 1. Sole proprietorships, conducting business under a name other than the full name of the sole proprietor; 2. Partnerships, conducting business under a name other than the full names of the pa...
A business name is important. It can describe what you do (for example, ‘Widget Makers LLP’), or where you do it (for example, ‘Toronto Widget Makers LLP’). You will typically want it to be distinctive, easily identifiable, and, over time, associated to the quality and trustworthiness of your business. Further, registration of your business name bu...
Once registered, a business name’s registration will remain for FIVE YEARSand must be renewed before expiry. Once renewed, the business name will again remain registered for five years. Registration is made through ServiceOntario, and, if made electronically, will cost $60. If you use a service provider to register for you, the service provider wil...
You may be asking yourself: Why choose a service provider to register your business name when you can do it yourself? The brief answer: Forms and fines. The BNA states that an application for a business name registration that includes a statement that is ‘false or misleading with respect to any material fact is guilty of an offence and on convictio...
If you want the public to know your corporation owns the business name, then the corporation’s name must be included on all contracts, orders, invoices and negotiable instruments, something we refer to as ‘COIN’ (Contracts; Orders; Invoices; and, Negotiable instruments). On such paperwork, the relationship between the corporation and the business n...
If you are considering starting a new business in Ontario, or you are an existing business seeking to expand by carrying on under a different business name, it is likely that you will need to register a Master Business Licence (unless you plan to conduct business under your own full name). Registration of business names is done via ServiceOntario, ...
BizPaL permit and licence search. Federal, provincial, territorial and municipal business permits and licences in Canada.
To register as a sole proprietor or partnership, you may need to: register your business with the provinces and territories where you plan to do business. get a federal business number and tax accounts. apply for any permits and licences your business may need.
Sep 4, 2018 · 1. Your Surname Might Not Hold As Much Meaning As You Thought. By that, I mean it has no inherent meaning. If perchance it means something in Greek, Latin or Sanskrit, no one will know unless...
People also ask
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Jun 19, 2024 · If you operate your business using your legal name, your province or territory’s business registrar will inform you whether or not you need to register your sole proprietorship. Keep in mind that, even if you don’t have to register your business, you still need to comply with municipal licensing rules.