Ontario is one of the most vibrant regions in Canada. With a population of nearly 15 million, it’s also one of the most favorable provinces to start a business. But the question is, how is the Ontario business registration process?
Nearly 90% of businesses start as sole proprietorships. This is thanks to the ease of doing business, no corporate business taxes, no annual report filings, not restricted by formal business structures, and so on.
Here’s how you go about registering your sole proprietorship in Ontario:
- Business Name
Your business is going to require a name. If you already have a name you wish to use, you can conduct a name search to ensure it’s not yet taken. You can use your name or a fictitious one if you wish. The name needs to be catchy yet easy enough to remember. - Name Search
The next Ontario business registration step is to have that name registered. Fortunately, most online business registration firms can assist you with this. Most of these firms will actually do this for free if you sign up with the firm. - Name Registration
Once the search comes back positively, you’ll need to register it to secure it for yourself. To do this, you’ll have to give out your name and address, a brief description of the business, business address, telephone number, and email address.
The fact that your business is registered doesn’t necessarily mean you are ready to conduct business. You still have to find out which other licenses and permits you may require before welcoming your first clients. We hope you this brief Ontario Business registration guide helpful!
