An important decision that needs to be made at the outset is the choice of legal structure for your business. There are numerous factors that will need to be considered to make the correct decision for your particular business. The most important consideration is that the corporate form will limit your liability for business […]
Tag Archives | Ontario Business Name Registration
Creating and operating a business corporation in Ontario
Is incorporation right for you? Whether you should operate your business as a corporation, partnership, sole proprietorship or co-operative depends on your particular situation and your particular needs. Benefits of incorporating a new company in Ontario Incorporating a new company in Ontario, Canada offers many benefits to your company, including: creation of a separate legal […]
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 […]
Choosing an Ontario business name
Choosing the right name for your new business is an important decision. You want a name that will draw potential customers, help clients identify your company and build your business image. A name that is easy to remember and provides information about the products or services you offer is always a good choice. Choose a […]
Penalties for not registering a Business Name in Ontario
Under the Business Names Act, fines of up to $2,000 can be levied against individuals and up to $25,000 for corporations for failure to register or for registering false or misleading information. Ontario Business Name Registration in 1 Hour $39.99 Company Formations simplifies to the maximum the task of registering a new sole proprietorship business […]
Liability of Business Names in Ontario
The registrant of a business name who has suffered damages because someone else has registered the same name or one that is deceptively similar can take legal action through the courts. The Business Names Act entitles you to recover compensation for damages suffered and provides for a court order cancelling the registration that was the […]
Registration expiry/renewal of Business Names in Ontario
A business name registration is effective for five years. To continue using the name it must be renewed before the expiry date set out on the registration, and a renewal fee must be paid. It is the registrant’s responsibility to keep the information on the registration up to date and to renew the registration on […]
Ontario Master Business Licence (MBL)
When registering a business name, you will be issued an MBL, which shows the registration and expiry dates as well as the Business Identification Number (BIN). The MBL can be used as one of the proofs of business name registration at financial institutions and to facilitate any other business-related registration with the Ontario government. When […]
Where can I register a business name and obtain a Master Business Licence?
Ontario.ca provides access to the government’s electronic services that simplify and streamline registration, renewal and reporting processes for Ontario businesses. New entrepreneurs and existing corporations can electronically complete the most important applications to register their business at one location, including applications for Business Name Registration, Retail Sales Tax Vendor Permit, Employer Health Tax and Workplace […]
Registering your business name in Ontario
Business names are registered with the Central Production and Verification Services Branch (CPVSB) of the Ministry of Government and Consumer Services (MGCS) and are placed on the Public Record maintained by CPVSB for public disclosure. Anyone may search business name information contained on the Public Record for a fee to find the owners or principals […]
