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Jun 15, 2023 · For personalized legal advice and assistance with registering multiple names for your corporation, please contact Falcon Law PC at 1-877-892-7778 or info@falconlawyers.ca. Understand the Requirements: Before registering multiple names for your corporation, it is important to understand the requirements set by the Ontario government.
Aug 25, 2023 · Although it’s cheaper and requires less administration to operate multiple businesses under one corporation in Canada, there are also significant risks and downsides to be aware of: Shared Liability. If one business fails or has liabilities, the creditors can make a claim on the assets of the other businesses.
Mar 26, 2023 · In conclusion, an Ontario corporation can operate under multiple business names, but each name must be registered separately and meet certain requirements. If you need assistance with registering business names or other corporate matters, contact Falcon Law PC at 1-877-892-7778 or info@falconlawyers.ca. Our experienced corporate lawyers can ...
- When You Own An Incorporated Company
- When You Own A Sole Proprietorship, General Partnership Or Partnership
- How Does Taxation and Banking Work with The Second Business?
If you own an incorporated companyin any Province or Territory in Canada, you can complete a secondary business name under the corporation (corporate umbrella). This allows you to use a secondary business name to your corporate name. An example to assist is as follows: The corporate name of: Margaret’s Bakery Inc., Carrying on business as: Margaret...
If you operate a Sole Proprietorship, General Partnership or Partnership in any Province, these registrations do not have the ability to operate a secondary business underneath these existing businesses however you can operate a secondary business by registering another Sole Proprietorship, General Partnership or Partnership. In doing this, you wil...
If you have registered the carrying on business name under your existing incorporation, the secondary business will be added to your existing corporate bank and tax accounts. This applies to any tax accounts you have set up for the incorporated company such as HST or payroll. The carrying on business name falls under all accounts established by the...
Aug 7, 2019 · The registration falls under the category of the Master Business Licence however instead of individuals owning the business name, the operating name is attached to the existing corporation. Advantages to an operating name in Ontario. Allows you to operate a new business name under your existing corporation for 5 years without requiring a renewal.
Dec 13, 2023 · If you currently have an Incorporated company, you are able to add a secondary business as an operational name aka trade name or dba under the existing corporation. This allows you to operate a business under the corporate entity you currently have where the secondary business name can be added to your existing corporate bank account and all tax accounts.
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May 3, 2023 · Contact Falcon Law PC: If you are considering operating multiple businesses under one corporation and need legal guidance, the experienced team at Falcon Law PC is here to help. Contact us at 1-877-892-7778 or info@falconlawyers.ca to schedule a consultation. We will provide you with the personalized legal advice and support you need to make ...
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related to: Can an Ontario Corporation operate under multiple business names?Use our simple online incorporation process & turn your great idea into a great business. Whether you have plans to crowdfund or go public, we'll help jumpstart your corporation.
