How to Register a Business in Ontario Canada: A Step-by-Step Guide   

• Register a Business in Ontario Canada is an essential first step for entrepreneurs who wish to create a legal and credible presence in one of Canada’s most vibrant provinces. Ontario has an efficient process of business registration with the Ontario Business Registry, enabling entrepreneurs to register different types of business structures like sole proprietorships, partnerships, and corporations online. To register company in Ontario, you need to first select a distinctive business name and perform a NUANS name search to confirm its availability. You then prepare and file incorporation documents, such as Articles of Incorporation and information regarding directors and shareholders. Registration fees differ based on the type of business, with corporations needing a name search report unique to Ontario. 

• Ontario’s economic climate is booming, with 60,852 new businesses having been registered in Canada in 2022, although slightly less than 63,456 registered in 2021. New business density within Canada was at 9.834 registrations for every 1,000 persons aged between 15 and 64 in 2022, indicating a strong entrepreneurial culture, albeit a dip from the peak of 2021 at 10.334. in order to register company in Ontario it not only makes it legal but also increases credibility for your business, and facilitates access to tax advantages, and creates opportunities for funding. The procedure is streamlined to be effective and accessible, and to support business development in Ontario’s competitive market. Thus, in this blog we will outline about the steps to register a business in Ontario, Canada. 

Steps to register a business in Ontario Canada

Step 1: Selecting the right company structure 

• Tetra Consultants will counsel you on the appropriate business entity as per your requirement, generally advising a corporation (like a limited liability company). They will guide you in deciding between Federal or Provincial Incorporation as per your business size and objectives in Canada. 

Step 2: Select a business name 

• A distinctive business name is needed to register a business in Ontario Canada. Before registering a business, it is essential to get an idea and know whether there are already existing businesses with the same or similar name so that your business name does not mislead other people. 

• In Ontario, businesses are not allowed to use such business names that are already incorporated. The ban is enforced to prevent confusion and safeguard yourself against legal liability. It is generally a good practice to have a distinctive name. 

• Tetra Consultants will assist you in finding a preferred name. In addition to this, Tetra Consultants will also assist you by offering international trademark registration services to protect your brand name globally. 

Step 3: Preparation and filing of incorporation documents 

• Tetra Consultants will arrange for all the incorporation documents required, such as: 

• Application forms. 

• Directors’ and shareholders’ notarized passport copies and address proofs. 

• Preparation of Articles of Incorporation and other corporate documents specific to your business constitution. 

• In case of appointing corporate shareholders, they will obtain other corporate documents like Certificates of Incorporation and Board resolutions. 

• Tetra Consultants will then forward these documents to Corporations Canada and the appropriate Ontario provincial authorities in order to officially register your business. 

Step 4: Registration of business with Ontario authorities 

• Tetra Consultants will register your business with the Ministry of Government and Consumer Services’ Ontario Business Registry, meeting local requirements. Once completed, you will receive your Certificate of Incorporation and certified Articles of Organization. 

Step 5: Obtaining business licenses and permits 

• Subject to your business activity and location, Tetra Consultants will help you to acquire all required municipal, provincial, and federal licenses and permits to legally carry on business in Ontario and Toronto. 

Step 6: Tax and business number registration 

• They will assist you in registering with the Canada Revenue Agency to acquire a Business Number, which will allow you to manage taxes like GST/HST, payroll deductions, and import/export taxes. They also advise you on consistent tax compliance. 

Step 7: Corporate bank account opening 

• Upon incorporation, Tetra Consultants can help you open a corporate bank account with well-known Canadian banks such as Royal Bank Canada, TD, BMO, or CIBC. We deal with paperwork and can arrange corporate bank account opening without your need to travel, typically within 4 weeks. 

• Tetra Consultants facilitates the entire process remotely and ensures timely delivery (within 2 weeks) while offering ongoing support for licensing, compliance, and banking requirements, allowing foreign entities to register a business in Ontario Canada without you being there. 

Requirements to register a business in Ontario 

• There should be a minimum of one director who should be more than 18 years of age and should not be bankrupted and without residency requirements. 

• The Ontario laws of incorporation demand a minimum of 1 but no more than 50 shareholders without the requirement for residence. 

• The full home address of every shareholder has to be included. 

• Appointment of a company secretary is compulsory. 

• A company must file Articles of Incorporation with the Ontario government. 

• Under the Canada Business Corporations Act, the complete name and address for service of every director should be stated in the Articles of Incorporation. 

Conclusion 

• Register a business in Ontario Canada with Tetra Consultants provides a hassle-free, efficient, and fully compliant incorporation experience based on your individual business requirements. Utilizing their vast experience, Tetra Consultants not only arranges the legal and administrative procedures but also delivers continued support such as tax registration, obtaining relevant permits, and corporate bank account opening.  

• Our holistic solution reduces complexities and delays so you can concentrate on developing your business in Ontario’s competitive economy. By having Tetra Consultants as your partner, you can leverage expert direction that smoothly addresses regulatory requirements so that your business can remain compliant and in operation from day one. This end-to-end solution, coupled with their dedication to prompt communication and bespoke assistance, makes Tetra Consultants a dependable option for those wishing to register company in Ontario quickly and surely. 

• Contact us to know more about register a business in Ontario Canada and our team will get back to you in 24 hours.