Knowing where to start with your Ontario business registration can be intimidating, but it is not as difficult as it may sound. It is a straightforward process, and you should not hesitate to get started on it. Here are the 4 primary steps involved with Ontario Business Registration.
- Naming Your Business: To register your business, you need a name for your business that doesn’t clash with other businesses in Ontario. You cannot choose a trademarked name or a name that misleads about the qualifications of your business.
- Paperwork: Now that you have decided on a name for your business, you need to fill out the paperwork to send into the government. These Articles of Incorporation involve many documents that you need to fill out to register. Once you fill these out, you can send them in to be approved.
- Initial Return: After your business name has been approved, you will need to send in more documentation as it relates to your business now that it has been operating for some time. This must be done within 60 days of incorporation as your business begins operating.
- Bookkeeping: In order to continue operating as a business, you must continue to keep documentation of important documents and finances. These are required of all registered businesses, so make sure to keep your documents straight as well as your finances done properly.
While registering a business feels like a large leap towards starting a business, it is not as difficult as it seems. Just follow these important steps and your Ontario business registration can be completed in no time.