Sole proprietorships are registered in Prince Edward Island by filing a “Declaration for Registration of a Business Name” with the Prince Edward Island corporate registries office.
Step 1: Choose a business name
Although there are few restrictions on a business name, you should choose your name carefully. Business names:
don’t have to be unique; duplicate business names may exist
however, if you choose a name that is the same as, or similar to, an existing business name, corporation name, or trademark, the owners could take your business to court; you may have to change your name or pay damages to the owners
cannot use the words ‘limited’, ‘incorporated’ or ‘corporation’ at the end of the business name, since that would imply you are running a corporation
cannot use the abbreviated forms of these words (such as Ltd., Inc., or Corp., or the French forms/abbreviations of those words)
if you’re registering a limited liability partnership, will need to include ‘limited liability partnership’ or the abbreviation ‘LLP’ at the end of the name, or the French terms ‘Société à Responsabilité Limitée’ or ‘SRL’
Step 2: Request and Reserve a Business Name
In Prince Edward Island, sole proprietorships wishing to register a new business name in the province must have their name approved and reserved for their use before they can proceed with the registration, so the second step in the registration process is to request a name reservation for your proposed business name.
Step 3: Fill out the form
The third step is to prepare and complete the “Declaration for Registration of a Business Name” form.
Step 4: File the Form and Pay the Fees
The four-step is to file your “Declaration for Registration of a Business Name” form with the Prince Edward Island corporate registries office and pay the British Columbia government fees.
Prince Edward Island Business Name Registration
Fast and easy Prince Edward Island Sole Proprietorship Online Registration. Company Formations Canada simplifies to the maximum the task of registering a new sole proprietorship business name in Prince Edward Island, by offering an easy on-line sole proprietorship registration service.