In Ontario, there are two types of corporations: a business a not-for-profit Business Corporations A corporation is its own legal entity (i.e. a pretend person), unlike a sole proprietorship or a partnership. The corporation owns the assets and has the liabilities, not the shareholders (or the directors). A corporation may own property in its own […]
Archive | Doing Business in Ontario
RSS feed for this sectionIncorporating a new Company In Ontario Checklist
If you are thinking of incorporating a new business in British Columbia, the following checklist may help you. Please note that not all steps will be necessary for every corporation, and there may be some steps that are necessary for your corporation that are not included. Decide to Incorporate File Articles of Incorporation Adopt Corporate […]
About Business Name Registration in Ontario
Ontario Business Name Registration. A business name does not have a legal existence in its own right. It is simply a name used by one or more persons to represent their business to the public. That means the sole proprietor or partners are personally responsible for the debts and obligations of the business. Registering a […]
About Incorporation in Ontario
Corporations are incorporated provincially in Ontario, according to the provisions of the Ontario Business Corporation Act with the Ontario Companies and Personal Property Security Branch. Company Formations Canada provides fast and easy Ontario Incorporation Service and provides all the documents your new Ontario corporation will need to stay up-to-date and in compliance with the Ontario […]
Ontario can nominate more immigrants for permanent residence in 2019
Ontario will be able to nominate 6,900 immigration candidates for Canadian permanent residence through its immigrant nominee program in 2019. Ontario is Canada’s most populous province and remains the destination of choice for the majority of immigrants to Canada each year. Canada’s Provincial Nominee Program (PNP) grants nine Canadian provinces and two territories the power […]
Features of Canada Limited Partnerships
The Canada Limited Partnership is run by the single general partner with majority ownership. A limited partnership has relatively few operational formalities, low-to-mid-range administration costs and clear rules for raising capital. Accounting of Canada Limited Partnerships Revenues, expenses and cash flow management are all tracked internally with additional outside support for other accounting functions. Taxation Of […]
How to Form a Canadian subsidiary
A Canadian subsidiary is one of the most popular options for global entrepreneurs wishing to start and operate a new business in Canada. To create a subsidiary, you would incorporate in a province of your choice. You can also incorporate federally. If the subsidiary isn’t incorporated federally, you can choose to apply for extra-provincial registrations […]
Corporate Minute Book Ontario
Forming a new Ontario corporation is an important, and sometimes exhausting task. All too often, after the new entity is established, the owners take a deep breath and get back to doing what they do best—running the day-to-day business operations. This is a big mistake. Failure to deal with the paperwork and legal formalities required […]
Corporate Minute Book Ontario
Forming a corporation is an important, and sometimes exhausting task. All too often, after the new entity is established, the owners take a deep breath and get back to doing what they do best—running the day-to-day business operations. This is a big mistake. Failure to deal with the paperwork and legal formalities required to properly […]
Can our extra-provincial corporation operate under its current corporate/business name in Ontario?
Yes, unless that corporate and/or business name is already used by a corporation carrying on a similar business in Ontario and using your corporate or business name would be “likely to deceive”. To satisfy this condition, corporations will need to do a name search (called NUANS). If your corporation’s business name is different from your […]
