Business Registrations & Incorporations

To operate in Ontario, a new business needs to register with both the Federal and Provincial Governments.

For a set fee of $60.00 plus Government charges we will:

• Register your business either as a sole proprietorship, a partnership or a corporation.
• Prepare all the Information Forms that are required following the registration.
• Obtain Federal and Provincial Business Tax Numbers, Retail Sales Tax number and GST number as required.
• Prepare share certificates for the owners if the business is incorporated.

Small business corporations have many advantages over sole proprietorships and partnerships.

• Corporations have limited legal liability.
• The affairs of the shareholders (personal as well as other business affairs) are kept separate from those of the corporation.
• Corporations imply a greater commitment from the owners to the business being conducted, especially to bankers who are asked to make loans to the business.
• Customers often have a greater amount of confidence in a corporation than in a sole proprietorship or partnership.

Corporations have many tax advantages over an unincorporated business.

However, incorporation is not always the best option.

A business, especially in the first one or two years of existence, may or may not be in a position to take advantage of the structural and tax benefits described above. The expense of incorporation may not be justified.

One might want to operate as a sole proprietor to indicate that he or she is taking personal responsibility for the affairs of the business. This may be especially true in the case of a one-person consulting business.

These and other considerations should be examined before deciding the form that a business should take.