Starting a new business is exciting, but the legal and administrative steps can be confusing. We remove the complexity from business registration and incorporation, providing expert guidance to ensure your new venture is set up correctly and efficiently from day one.
Choosing a Business Structure: Advice on whether to incorporate (federal or provincial) or register as a sole proprietorship/partnership.
Business Name Registration: NUANS report and name registration services.
Federal Incorporation: Preparation and filing of Articles of Incorporation.
Provincial Registration: Registration in your province of operation.
Business Number (BN) Registration: Setting up your CRA program accounts (GST/HST, payroll, corporate taxes).
Initial Setup Advice: Guidance on share structure, minute books, and other initial requirements.
We track your renewal date and send reminders. Registration valid for 5 years in Ontario.
A sole proprietorship is a business owned and run by one person, where there is no legal distinction between the owner and the business itself. An incorporation, on the other hand, creates a separate legal entity, meaning the business has its own legal identity, separate from its owners.
This distinction is important because it affects liability and taxes. A sole proprietor has unlimited personal liability, while a corporation offers limited liability, protecting the owner's personal assets.
The processing time for incorporation in Ontario can vary depending on the method of filing.
Online filing: If you file your documents online and everything is in order, the process is usually immediate. Many services can get you your incorporation certificate within a day.
Mail filing: If you choose to file by mail, the process takes much longer, typically around 15 business days.
It's important to note that if you choose a named corporation, the name approval process may add a few days to the overall timeline if the name requires additional review.