The Yoga industry is a booming business. From all over the world people have shown interest in yoga to get relief from stress and to have a balanced physical and mental health. If you are enticed to turn your yoga skills into a thriving business here is an overview of what is required to register.
9 Hot tips – How to Start a Bakery
Are you the go-to cake/cupcake person for every birthday? Do you make the best “only one more bite” desserts? If so, turning your talents, knowledge and will-to-succeed into a profitable business may be the next step on your path to success. A bakery is a very specific type of food establishment. This allows you to serve a unique market. The following 9 tips are a great place to start.
1- What kind of bakery would you like to open?
Some great things to consider when deciding which kind of bakery you wish to open is to assess your talents, budget and goals. Doing research on trends and local markets may also provide additional insights. Developing the new “it thing” may be daunting; however by creating a niche, you are helping to remove competitors. An example of this would be: There are 3 local cupcake shops that offer many varieties of different cupcakes. A niche market could be offering nut-free cupcakes, or gluten-free and vegan.
Ontario Incorporation
When you are looking at starting a new business or have grown your existing business from a Master Business Licence to the point where you have decided to move to incorporation, there are specific parameters available to an incorporated business that are not available with the registration of a Master Business Licence.
When you incorporate a company, the incorporation is continual meaning you never have to re-register or complete the incorporation process again.
How to Register Our Church in Ontario
If you are looking at registering a church or religious organization in Ontario, here is an overview of what is required to incorporate and register as a charitable organization.
TO COMPLETE THE INCORPORATION
There are a number of items required to incorporate a church or religious organization within Ontario.
Name of Church
It is important to provide a unique name to your church unless you are affiliated and can gain a consent from the governing church organization. The Provincial examiners who review your proposed church search against existing church organizations in Canada through what is called the NUANS report. This report provides a listing of similar named businesses, corporations and trademarks to the name you would like to use. Typically, a presearch will be completed to see if there are confusing or similar names businesses prior to the six page report being ordered.
How to Register a Foundation in Ontario
If you are looking at registering a foundation in Ontario, here is an overview of what is required to incorporate and register as a charitable organization.
TO COMPLETE THE INCORPORATION
A foundation is unique from any other charitable organization set up in Ontario in that the word “foundation” can solely be used for a charitable portal where the funds created within the organization are relinquished to existing charitable organizations. It may be viewed as a management arm of charities overall who work at bringing revenues in and provides the ability to disseminate to others. We often see this as an opportunity where a family wishes to have the ability to put forward funding to other organizations.
How to Add a Partner to My Business?
Depending on what business you have set up, you may or may not be able to add a partner to an existing business.
When You’ve Registered a Sole Proprietorship or Proprietorship
If you have registered a Master Business Licence or small business as a single owner by either registering a Sole Proprietorship or Proprietorship, you cannot change these to add a new partner to the business set up however you can simply register a new General Partnership or Partnership to provide the opportunity to have the business include a partner. This does mean you are completing a new registration to obtain the ability to include a partner. We recommend that when you have completed a new General Partnership or Partnership that you cancel the previous registration as a Sole Proprietorship where you operated the business as a sole owner. This confirms the ending of the business as one person and the beginning of the business as 2 or more individuals.
How to Register a Second Business?
If you currently operate a business, it would be either as an incorporated business or a Business Licence such as a Sole Proprietorship, General Partnership or Partnership.
When you own an incorporated company
If you own an incorporated company in any Province or Territory in Canada, you can complete a secondary business name under the corporation (corporate umbrella). This allows you to use a secondary business name to your corporate name. An example to assist is as follows:
Ontario and Cannabis
The Provincial government has announced as of July 25th 2018, its decisions under the new Ford administration on how marijuana wholesale, retails and distribution channels will take effect in Ontario.
The breakdown is as follows:
Retail Storefront – START YOUR BUSINESS!!!!
Canadian Company Incorporation
No matter what Province or Territory your business operates within, choosing to incorporate a Canadian or Federal incorporation is always an option when looking at where to incorporate
What does a Canadian incorporation provide to you?
If you are looking at incorporating, the Canada incorporation provides to you an understood higher level of name protection in comparison to the Provincial incorporations. Why is this? The federal government reviews and confirms if the selected business name is available within the Canadian system. This means, your business name will be viewed and accepted against existing business across each Province and Territory in Canada. It is important to find a very unique business under these circumstances.
Typically, if you are completing a named corporation and choose a Federal incorporation, the name acceptance is provided by a Federal examiner, if the name you have chosen is considered to not be infringing or in conflict with any of the existing businesses. The Federal or Canadian named incorporation offers you the second highest level of name protection in Canada outside of completing a trademark.
You may also opt to complete a numbered company if you choose to have a generic corporate name for your business. The federal government will provide a 7 digit number uniquely for your incorporated company along with the word Canada and a legal ending such as Inc. or Ltd. An example of this would be 7124543 Canada Inc.
The federal incorporation costs are lower than most alternatives at $200.00 government fee per incorporation. Each year you must complete what is called an “annual return”. This requirement is to update your corporate information including the office address and director’s information. It is a fairly simple process and is mandatory whether your business has experienced any changes over the last year or not. It is due on the anniversary each year of your incorporation date and reminders are sent out by email.
If you will or assume down the road, your business will operate in more than one jurisdiction, the federal incorporation allows you easily to expand into different jurisdictions.
Like with any incorporated business, the same benefits apply where the incorporation will have name protection, limited liability protection and potential tax savings.
Most individuals who incorporate, do so provincially however the Canadian or Federal incorporation is viable option to anyone looking at the incorporation process.
Our office has been assisting individually to incorporate in Canada for over 25 years. We have staff available to answer any questions and take you through the Canada or Federal incorporation seamlessly.
Here is the link to complete a Canada incorporation with Ontario Business Central. We also offer additional information both in the link provided and in additional blogs available on our website.
If you wish to proceed with a new Federal incorporation, see link below to proceed:
https://www.ontariobusinesscentral.ca/incorporate-canada-federal.php
If you wish to file your Annual Return, see link below to proceed:
https://www.ontariobusinesscentral.ca/forms/ontario-federal-corporation-address-change.php
Ontario Business Central Inc. has been assisting individuals federally Incorporate for 25 +years. If we can be of assistance, or if you have any questions about these services, please feel free to reach out to our staff for any clarification or assistance you may require.
inquiries@ontariobusinesscentral.ca
Toll-Free: 1-877-306-9458
Local: 1-416-599-9009
Fax: 1-866-294-4363
Office Hours: 9:00am – 5:00pm
Monday – Friday E.S.T.
Ontario Business Central Inc. is not a law firm and cannot provide a legal opinion or advice. This information is to assist you in understanding the requirements of registration within the chosen jurisdiction. It is always recommended, when you have legal or accounting questions that you speak to a qualified professional.
How to find out who owns a business?
When a business is either registered or incorporated anywhere in Canada, a public databank is maintained within each Province across Canada with specific details for each business including who owns the business, correct legal name of business, business address, and at times the business activity. If a business begins as a federally incorporated company, the Federal government maintains a databank specific to this jurisdiction but under any other circumstance, the Province where the business operates within will have a copy of the business within their system.
In most jurisdictions, there is a fee associated with searching an existing business. If you looking to take legal action against a business, it is recommended that you complete a search on the business name to ensure you have the correct business name and legal address of the business. The search will also display who owns the business whether it’s a Sole Proprietorship, Partnership, General Partnership or Incorporation.
How do I search an individual and the businesses they own?
We are often asked to search an individual within a jurisdiction to see what business or businesses the individual owns. Unfortunately, none of the Provincial databanks holds the records of the businesses by cross referencing who owns them. You cannot search an individual to gain what businesses they own. If you have a good idea of the business name, we are able to search the words within the business name and see what appears for the business name results and search from there by business name, it also assists if you have information on where the business is located by city or town.
If you are not sure of a business name that an individual may own, we have a few alternatives to try and connect the dots between the business and the individual or individuals who own the business. One point of access is to complete a PPSA search on the individual. This search provides details of consumer loans that the individual has registered such as a vehicle, inventory, consumer goods etc. Often, if a person has a business, they will put the loan under their personal and business name. Another option is to search the litigation records in the courthouse where the individual resides to see if there are any litigation actions the person is involved in. If the business operating is a Sole Proprietorship, Partnership, or General Partnership, typically the individual and the business name will be listed as either plaintiff or defendant.
These options are considered to be options that may produce some connection between a business and an individual however this is only when the individual has either registered a loan connecting themselves personally to a business or if litigation exists. We have completed these searches for people attempting to find a connection to a business without any pertinent result. It is important to understand that more often than not, there is no record or connection to the individual and the business they may own.
If you know the name of the business, the search request is very simple and can be ordered as a corporate search or corporate profile report. If you are in the position of not being sure of the business name, we can search the alternatives as suggested with a PPSA or litigation search.
We have been assisting people to search existing businesses since 1992. If you need help and have limited information, please feel free to give our office a call and discuss what information is known and we can assist you to attempt to find the individual operator.
If you wish, you can simply order the corporate profile report and/or a PPSA search through all of Canada. We also offer the availability to complete litigation searches throughout all of Ontario.
Here is the link to request any of these 3 items:
https://www.ontariobusinesscentral.ca/forms/corporate-search.php
If you would like further information, please feel free to reach out to any of our staff who are always here to assist in searches.
inquiries@ontariobusinesscentral.ca
Toll-Free: 1-877-306-9458
Local: 1-416-599-9009
Fax: 1-866-294-4363
Office Hours: 9:00am – 5:00pm
Monday – Friday E.S.T.
Ontario Business Central Inc. is not a law firm and cannot provide a legal opinion or advice. This information is to assist you in understanding the requirements of registration within the chosen jurisdiction. It is always recommended, when you have legal or accounting questions that you speak to a qualified professional.