What are some advantages and disadvantages to setting up a new corporation in Ontario versus extra-provincial registration of an existing corporation?

One major advantage of setting up a new corporation in Ontario is that it can help shield other parts of your existing business from claims relating to doing business in Ontario.

However, if a corporation only intends to do limited business in Ontario (or intends to complete any business within a few years), then it may not be worth the time and/or cost of setting up and maintaining a new Ontario corporation.

There may be other advantages or disadvantages depending on your situation. Please discuss this with us.

Company Formations offers Ontario Extra provincial registration service to Domestic and foreign corporations wishing to operate in Ontario.

Register a domestic corporation (Canadian corporation registered outside Ontario) extra provincially in Ontario
Register a foreign corporation (Company registered outside Canada) extra provincially in Ontario
Ontario Registered Agent Services