Incorporation can be either a Federal Incorporation or Ontario Incorporation. There are three primary forms of business. They are Sole Proprietorship, Partnership and Corporation.
A sole proprietorship is an unincorporated business that is owned by one person. It’s the simplest kind of business structure.
A partnership is an arrangement where two or more persons agree to combine their resources (money, labor, property, or skills) in the operation of a business. In return, each partner is entitled to a share of the profits or losses in the business. The business profits or losses are usually divided among the partners based on the partnership agreement.
A corporation is a separate legal entity, distinct from its shareholders. Incorporation offers your business a number of advantages including business name protection, transferability of business ownership, possible tax advantages and limited liability in the sense that you and the other shareholders are not responsible for the corporation’s debts.
A federal corporation is a business incorporated under the Canada Business Corporations Act. It has the constitutional right to carry on business under its registered corporate name within any Canadian Province or Territory.
An Ontario corporation is a business incorporated under the Ontario Business Corporations Act. It has the right to carry on business under its registered corporate name anywhere within the Province of Ontario.
Name Search – The NUANS Search System
NUANS® is a computerized search system that compares a proposed corporate name or trade-mark with databases of existing corporate bodies and trade-marks. This comparison determines the similarity that exists between the proposed name or mark and existing names in the database, and produces a listing of names that are found to be most similar.
We are a member of NUANS System. We can provide fast, real-time NUANS name search report.
To start your business, please contact us for more information.