A female in her mid-twenties to early thirties walks up to the camera while addressing the audience. The Canada Business Ontario banner is visible on the right. Owning your own business and being your own boss is an exciting prospect that is appealing to a lot of people. Cuts to a male in his thirties, walking towards the camera while addressing the audience.
The essentials How to register your business name Business name registration applies to entrepreneurs who want to register a sole proprietorship, a partnership or an operating name trade name for a corporation.
For information on how to set up a corporation, see the Incorporating your business section below. You can complete an optional name search and register your business in the following ways: Your registration is valid for five years, at which time it must be renewed.
You can choose to incorporate federally or provincially. Each option comes with its own advantages and disadvantages. Provincial incorporation Incorporating your business provincially allows you to do business under a corporate name in Ontario.
Federal incorporation also provides corporate name protection across the country. Steps to incorporating Professional corporations If you are a regulated professional e.
Some key features of professional corporations are: Limited liability protection Access to external investment funding Advantages of corporate tax rules Corporate status Contact the Ontario Ministry of Government and Consumer Services: You can also contact us to speak to someone about starting your business.
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