If you want to run your own business in Canada, you need to register it with the government of the province or territory where it operates.To register a business name in Canada, you need to conduct a search for unique names.You can register your name nationwide and incorporate your business on a federal level.
Step 1: Determine what structure you want for your business.
The structure of your business will need to be identified.If you want your business to be structured as a corporation or partnership, choose one before you name it.If you’re not planning on structuring your business that way right now, you still need to make sure the name you choose isn’t taken by another Canadian business.Suppose you run a sole proprietorship called “Sunny’s Smoothies.”You want to grow your business into a federal corporation with stores nationwide, but you’re not there yet.”Sunny’s Smoothies, Inc.” isn’t taken so you can use it when you want to take your business to the next level.
Step 2: You need to register your business name.
It is a matter of provincial or territorial law to register your business name in Canada.If your business operates in more than one province, you might want to register it federal.If you only operate your business in one province or territory, you don’t need to register.You don’t need to register the business name if you run it under your own name.For business purposes, you can use your own name and personal information.
Step 3: There are distinctive words and phrases.
If you want to register a business name in Canada, it must be unique.Specific information, such as location in your business name, is the easiest way to achieve this.The business name “Car Wash” isn’t descriptive enough to designate it as a specific business.”East End Car Spa” may be distinct enough.Combining words together to form a single word can help your quest for distinctiveness.Creating a unique word will make it easier to register a trademark.You could go for “East End Car Spa” instead.
Step 4: Don’t use the same company names as other companies.
Your business name is the only one you should use.Consumers are likely to get confused and think you’re both the same company if your business name is similar to another’s.Suppose you decided to open a soft drink company and you want to call it “Popsi.”Consumers are likely to confuse Popsi with a brand of cola, so this name would likely be refused.Even with the names of businesses that offer completely different goods or services, be on the safe side.
Step 5: The legal designation should be included.
The name of your business must end with a word or abbreviation.People don’t believe you are a different type of business if you have a business name.If you are a sole proprietor, you can’t register “The Autospa Corporation” as a business name.Unless the business is registered as a corporation, you can’t use the word “corporation”.
Step 6: The online search tool can be used to find existing registrations.
Depending on the province or territory where you want to register your business name, you may be able to conduct your own search online.You can get a business name search for $8.You can use the default search to find businesses that are registered in the province or territory.Multiple provinces need to be searched.You should do a search on the database of corporate names if you want to incorporate your business as a Canadian corporation.
Step 7: To find you, pay a private-sector service provider.
If your budget allows you to pay a little more, you may want assistance from a business that specializes in business name registration.It may be a good idea to have an expert do it for you.It probably isn’t worth the extra money to have a professional search done if you only have plans to operate a single location.If you have plans for expansion, getting a more thorough professional search done first could save you a lot of money later on.
Step 8: You can get a Nuans Name Search report.
The Nuans Name Search report is recognized by the Canadian government.You have to submit a copy of the report along with your application in some provinces.You can order your report online if you’re applying to register a federal corporation in Canada.If you want to get a report for provinces and territories other than the Northwest Territories, you may need to work with a law firm or search house.
Step 9: A name request can be made.
You may need to send the results of your search to your provincial or territorial government in order to register that name.You can register once you have your approval number.You will need names and contact information for yourself and any partners, as well as the address for your business location, in addition to your approval number.
Step 10: Check to see if you can complete an application online.
You can apply for a business name online in some provinces.A lower fee and shorter wait time can be achieved if you register this way.If you’re able to register online, make sure you have all the information you need before you fill it out.It shouldn’t take more than a few minutes to complete the application.Your name search report may be attached to your application.If you need a digital copy, make sure you have one.
Step 11: Take your information with you.
You can’t register a business name online in some provinces.If you prefer, you can file a paper application in person even if you register online.You can find the location of the nearest service provider on the website.Wait longer for your registration to be approved if you pay a higher registration fee to process a paper application.
Step 12: You have to pay the registration fee.
A registration fee is required to register a business name in Canada.It is less than $100 in most provinces and territories.If you register a business name online in Ontario, you’ll pay $60, or $80 if you mail in a paper form.
Step 13: Receive a Master Business License.
Your province or territory will send you the MBL once your business name registration is approved.You can use the license to open bank accounts.Along with your MBL, you’ll also get a receipt for your registration fees and a summary of your business profile as registered with the government.Make sure the documents are correct.You will get a digital copy of your MBL if you provide an email address with your registration information.
Step 14: You need to register for the provincial sales tax.
If you sell or lease goods or services to consumers, you need to register.The Ministry of Finance has a website where you can check if you should register.Before you register for PST, you should gather information about your business, tax, and partners.You will need to provide either actual or estimated total sales figures for the last 12 months or as long as you’ve been in business.
Step 15: You can create an online account.
The Canadian government has an online tool that you can use to manage your business’s information.You can use this tool to keep track of deadlines.The BRO tool connects your accounts from the four main Canada Revenue Agency programs, as well as some provincial programs in British Columbia, Ontario, and Nova Scotia.
Step 16: If you want more protection, register a trademark.
Another business can’t use the same name if you register your business name.You could have exclusive rights to your business name for the rest of your life if you register a trademark.Trademarks grant exclusive use for 15 years after they are issued, but you may renew your trademark registration as many times as you want.Licensing the use of your business name or logo can be another source of revenue for you.You can sell your rights to use your business name in exchange for a fee.
Step 17: Your registration should be renewed every five years.
You can register your business name for five years.Renew before the five-year period ends to prevent a lapse in registration.The renewal fee is the same as the initial registration fee.If your business name or type changes, you have to register again.If you convert your sole proprietorship to a corporation, you have to register a new one.