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Frequently Asked Questions
1.
What are the time delays with registering with you on-line?
- Business
Registration (Master Business License) - same day unless provided
the end of the day
- Ontario
Incorporation - 24 hours Monday through Friday
- Federal
Incorporation - 72 hours Monday through Friday
- Nuans
(Business Name Search) - 2-5 hours Monday through Friday
Occasionally
there could be a delay in the processing provided above.
2.
Why use ontariobusinesscentral.ca?
Our staff
consists of over 40 years of hands on experience in providing information
and accessibility to services we provide. Our incorporation packages
get you on your way quickly, without the expense of using a solicitor.
Our team have been helping people for years to obtain their objectives
in choosing a name/nuans for a business or incorporation. The government has very few offices and the
time delays can be lengthy.
3.
How do I shop on your site?
Please
read the section below entitled How To Use Our Site.
4.
Incorporate in Ontario or federal?
Both corporate
structures give you the advantages of limited liability, continual existence,
tax advantages over individual taxation, the ability to change the structure
of the directors/officers without having to restructure the corporation.
Federal
corporations:
There are three distinct advantages of federal incorporation if it applies
to your business
A.
The name availability is much stricter federally.
B. The ability to trademark your business name more likely.
C. The ability to register your incorporation in each province.
Usually
it is larger companies who view the importance of federally incorporating.
If you believe your business will expand, requiring registration in
2 or more provinces, with the ability to trademark the name of your
corporation, you may want to consider a federal incorporation.
5.
Is it necessary for me to obtain corporate supplies for my corporation?
The minute
book is a burgundy, 3 ring binder with a slipcase. It has bylaws, shares,
register for officers and directors. This is an organizational tool
for your corporation. The corporate seal which is a markmaker seal is
sometimes used in loan or lease agreements.
6.
What is a nuans?
A nuans
is a five page printout that lists corporations, registrations and trademarks
similar to your proposed name. It is a mandatory filing with any incorporation
in Canada. This protects existing companies.
7. What are by-laws?
By-laws
are provided in the incorporation packages with corporate supplies.
These basically provide the standard rules and regulations of a corporation.
8.
What are shares?
The shares
represent the financial pie of the corporation. Once a corporation is
incorporated, decisions are made as to the value of each share within
the corporation and whether the shares are voting or non voting. The
voting shares represent individuals who have input in the decision making
of the corporation, the non voting shares do not. To give you an example:
John smith
holds 10 shares at $1000.00 each. He is an investor and has been given
non-voting shares. His investment in the corporation is $10,000.00
Jane smith holds 5 shares at $1000.00 each. She is a director of the
corporation and holds voting shares. Her investment in the corporation
is $5000.00
How
to Use Our Site
To
shop on our site and enjoy the benefits of the security and convenience
features therein, you must have an up-to-date browser (Firefox 1+ or Internet Explorer 6+) with cookies and javascript enabled.
Step
1.
If you are a first time visitor, review the important information regarding
the service you are interested in. We have an overview
of our services here.
Currently
we offer the following services:
The form
requirements are available for you to look through and complete for
each of the above noted items.
Step
2.
To
purchase an item, simply click on the Purchase This Item link
or button. You are only able to purchase one product or service at a
time, though multiple quantities of products are possible.
Step
3.
You will then be guided through the process of supplying all relevant
information for any services you have purchased as well as submitting
your billing/shipping and payment information. All form data for purchased
services are manually verified and confirmed before final processing.
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