Business Registration in Northumberland County

According to The Canadian Government, most businesses have a legal obligation to register with the government before they start operations. This not only includes sole proprietorships but also companies that use more than one person as an owner and therefore need incorporated as either corporations or partnerships for jurisdiction reasons (i e its members must share liability).

The registration process allows For-Profit Businesses in Canada access many benefits including: receiving your own unique tax ID number; opening up bank accounts under this identification number which you can then deposit checks into.

That said, there are more than legal reasons to register your business. Registering the right way will allow you establish banking accounts and apply for loans easily with a unique name that legitimizes all future endeavours in years ahead of time!

To register your business, you will need the following information:

• The current or projected location of your main office
• Any other provinces or territories where you will operate your business
• Your proposed business name
• What type of business you are running (i.e., partnership, corporation, sole proprietorship

You are considered eligible to register your business with the Business Registration Online (BRO) if you meet any of the following requirements:

• You are a business owner
• You are a third party requester
• You are a representative with a RepID or a GroupID
• You employ a domestic worker, babysitter or caregiver
• You have a valid social insurance number (SIN) and income tax return filed with the Canada Revenue Agency (CRA).

Registering a business in Ontario looks different for corporations and individuals.

To register your business as a sole proprietor, you will need to:

1. Choose your business name (this name needs to be unique to avoid future legal complications, so you will need to search to confirm your name is not already taken)
   Register your business name
2. Register for any necessary licenses, registrations, or certifications

To register a corporation, you will need to:

1. Choose your corporation name
2. Complete the Articles of Incorporation (Form 1 under the Business Corporations Act)
3. Create a cover letter with the name, return address, and telephone number of a contact for the corporation.
4. File the documentation to apply to register

You will want to get a professional business accountant at Pivotop Accounting Services so your company can be correctly registered. This ensures everything is accurate and done right, which could lead up towards some stiff fines if you fail.

The cost to register a business name in Ontario is $60, and this must be renewed every five years for an additional fee of $60.

A business registration number in Canada refers to a company’s 9 digit identifier that identifies them as legal. A new business will receive this identifying code when they federally incorporate, register for programs with the Canadian Revenue Agency (CRA), or use BRO’s online services.