Change A Business Address

How Can You Change Your Business Address In Ontario?

A long-term successful business will probably change its address several times throughout the course of the years and decades it operates.

 

Whether you run your small business out of your home and have recently moved, have had to move your storefront due to a rental or leasing agreement, or you have had to downsize or upsize, you might be dreading the hassle of changing your registered business address. But don’t worry! The below is a simplified guide to changing your business’s address.

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How Do You Register A New Nonprofit?

You have decided to set up a non-profit organization. Great! Not only are non-profits good for helping people and making the world a better place, the nonprofit sector is also one of the fastest growing sectors in North America.

Registering A New Nonprofit

Now that you have an idea for your nonprofit and a model in place, you must register your business with the government.

It’s essential that you do register, otherwise your organization will not be legally recognized as a nonprofit, and your group’s name will not be protected against use by other legal entities. If you want to learn more about setting up a non-profit, click here, otherwise, continue reading to find out how to successfully register your nonprofit.

What qualifies?

The first thing to sort out is to understand what types of businesses can incorporate as nonprofit organizations.

  • Such businesses are:
  • business/trade associations
  • residents associations
  • community organizations
  • professional associations
  • sports and athletics clubs
  • social clubs
  • service clubs (such as Rotary Clubs and Lions Clubs)

It is also important to remember that a nonprofit/not-for-profit corporation is different from a charitable organization. The main difference is a charitable organization can accept donations and provide tax receipts to those who contribute to the organization financially.

Requirements

To register your nonprofit organization, you will need to provide the following information:

  • the name of the business
  • the address of the business
  • the directors of the corporation
  • the objective of the corporation (essentially a few paragraphs detailing what you do for the community)

It is important to note that in order to incorporate, a minimum of three directors are legally required, along with their full legal names, identifications, and original signatures.

A nuans report is also mandatory. This is a six page document that lists business names, trademarks, and corporations that are similar to your proposed business name. There is also a fee charged by the Government of Ontario of $155, or $255 for an expedited process.

This information is a guide meant to assist you in your research. This article does not constitute legal or accounting advice. For further information, contact our team today!

Should You Register Your Online Hobby Shop?

As the old axiom goes, “If you do what you love, you’ll never have to work a day in your life.”

Online Hobby Registration

Perhaps you subscribe to this idea and have begun to try to monetize your hobby. You registered a domain name, got a website, and have begun selling remote control car parts, model airplanes, or just general arts and crafts online. Perhaps you have had some success in doing this.

The question now becomes, should you register your online hobby shop as a business?

To register or not to register

This ultimately may come down to a question of how serious you are about turning your hobby into a profitable business. If you’ve merely traded or sold a few items or parts related to your hobby online through your blog in which you write about said hobby, then it might not be necessary to register.

However, if the commerce or business aspect of your hobby has gone any further than that, then yes, you need to register as a business. If you run your business under any moniker that is not simply your own name, then you are required to register your business, and even pay taxes on the money you make.

Benefits of registering

Registering your business is important for tax purposes and possibly for insurance reasons. For instance, if there are any hazards or dangers associated with your business and you are not the sole employee, you will be required to register your business with the Workplace Safety and Insurance Board (WSIB).

Furthermore, by registering your business, you can register your business name, claiming a unique brand for yourself and staying clear of running afoul of any trademark or copyright laws.

Registering your business now may also prove a wise decision down the road. There may come a time when you’ve reached so much success online that you decide to open up a physical location out of which to operate (other than your home address). This will make that process smoother, and will ensure that no other business was able to register your brand’s name before you do.

How to register

When you register your business, you will need to choose what kind of business you want, a corporation, partnership, or sole proprietorship.

Many online hobby shops will register as a sole proprietorship, but this is not necessarily always the case. To read more about this, click here. You will also need to register a Business Number (BN), which our team can help you do in a streamlined and easy way.

Registering your business can be a long and complicated process when you go at it on your own, but Ontario Business Central is dedicated to making each step of it hassle free Contact us today to see what we can do for you!