Best Ontario Incorporation Service
What is incorporation in Canada?
Incorporating a business in Ontario and Canada is the act of legally turning your business into a registered company or corporation. Incorporating a business in ontario involves a few steps and it is best done through a knowledgeable and experienced accountant who can help you along the way. The first step of incorporation is to do a NUANS search and find out if the name of the company is already taken or not. If the name you selected is cleared then we move onto phase two which is the registering of your new company. You can choose to register your company with a name or with a unique company number.
Should I incorporate my business?
Incorporating your business in Ontario, or any other province in Canada is a very smart move. The act of incorporation will save you from lawsuits and remove the liabilities your business may incur off of your shoulders. A corporation is a separate entity and this fact makes it responsible for its own debts. You can talk to an accountant at WebTaxOnline to see which benefits and tax deductions your company is eligible for and whether incorporation will benefit your specific business or not.
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How do I incorporate my business?
You can incorporate your business in person or online. Ontario incorporation online is a great way for you to get your company incorporated as fast as possible without any errors showing up. If you choose to go with a company name instead of a company number then it is required you submit a NUANS report to ensure no one else is using your company name. This step of incorporating in Ontario is very important. If you go forward with trying to register your new company without doing a proper name search then you are at legal risk of taking another company’s name. Incorporation can be done either federally or provincially. Federal incorporation will allow you to do business across all of Canada. Provincial incorporation will only give you allowance to operate your company in the province of your choice.