Registering a Business
Before registering your business, it's important to ensure you've taken the right steps to set yourself up for success.
Many entrepreneurs rush into registration before validating their business idea, researching their market, or determining the most appropriate business structure. A free consultation with one of our advisors can help you avoid common mistakes and save time and money.
Before You Register Your Business
We recommend completing the following checklist before registering a business name:
- Validate your business idea and target market
- Determine the most appropriate ownership structure
- Research licensing and permit requirements
- Confirm business name availability
- Check domain name and social media availability
- Develop a basic business plan and financial projections
- Meet with a Business Advisor to discuss next steps
Who Must Register a business?
The Ontario Business Names Act administered by the Companies and Personal Property Security Branch applies to:
- Sole proprietorships (one owner) carrying on business under a name other than the individual’s full name;
- Partnerships carrying on business under a firm name other than the full names of the partners;
- Corporations carrying on business under a name other than their corporate name;
- An existing general partnership or limited partnership registering a business name different from the registered firm name;
- Limited liability partnerships;
- Extra-provincial limited liability partnerships; and
- Extra-provincial limited liability companies
Step-by-Step Guide to Registering Your Business
1. Choose a Business Structure
Before you can register, you need to decide on the structure of your business. The most common types are:
- Sole Proprietorship: Owned and operated by one person.
- Partnership: Owned and operated by two or more individuals.
- Corporation: A separate legal entity owned by shareholders.
2. Choose a Business Name
Selecting the right name is crucial. Your business name should be unique and not infringe on any existing trademarks. To avoid potential issues:
Conduct a Name Search: Ensure your chosen name is not already in use. You can use Service Ontario Search, or the NUANS (Newly Upgraded Automated Name Search) system for this purpose.
3. Obtain Necessary Licenses and Permits
Depending on your business type and location, you may need specific licenses or permits. Check with local municipalities and regulatory bodies to ensure compliance.
4. Register Your Business Name
Once you've chosen an available name, you need to register it with the Ontario government. This can be done online one of the following options.
- Through Ownr, $49 (recommended for sole proprietorships and corporations)
- Through Service Ontario, $60
- Through Service Providers. Please contact them directly for information about the fees they charge.
Need Help Getting Started?
Whether you're still exploring a business idea or ready to register, we're here to help.
Spend 45 minutes with a business advisor to discuss resources and next steps to move your business forward.
Contact Information: smallbusiness@uclg.on.ca, 613-342-3840 ext.5363
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