corporate directors

Who can be a director of an Ontario Incorporation?

In the Province of Ontario, those who are wishing to incorporate are required to:

  • Be over the age of 18 years of age
  • Has not personally filed for bankruptcy
  • Does not have a criminal record
  • The minimum percentage of Canadian citizens or Permanent Residents must be 25% at all times out of the number of directors

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Laura Bio Headshot

Laura Harvey is an entrepreneur herself as the owner of Ontario Business Central Inc. Her passion has always been about supporting the entrepreneurial spirit and advancement within Canada.

Laura authors in-depth blogs for Ontario Business Central assisting entrepreneurs and business owners to start, manage and grow their businesses. She has almost 30 years of expertise as a corporate specialist and 25 years of being an entrepreneur. Laura has the unique position of supporting a community that she also belongs to. She walks the walk right along with you.

You can find Laura on Linkedin and Twitter using the links below.

Starting a Business in Ontario

Non Residents who want to start a business in Ontario

Can I start a business in Ontario when I don’t have status in Canada?

Yes, you can operate a business in Ontario. The Province of Ontario offers the ability to operate a small business in Ontario without being required to be a Canadian Citizen or Permanent Resident.
The small business can be registered as either a Sole Proprietorship (1 person) or a General Partnership (2 or more people) under the umbrella of the Master Business Licence.

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Laura Bio Headshot

Laura Harvey is an entrepreneur herself as the owner of Ontario Business Central Inc. Her passion has always been about supporting the entrepreneurial spirit and advancement within Canada.

Laura authors in-depth blogs for Ontario Business Central assisting entrepreneurs and business owners to start, manage and grow their businesses. She has almost 30 years of expertise as a corporate specialist and 25 years of being an entrepreneur. Laura has the unique position of supporting a community that she also belongs to. She walks the walk right along with you.

You can find Laura on Linkedin and Twitter using the links below.

medical marijuana

Medical Marijuana in Ontario

How to Register a Business

Our office has individuals calling weekly to find out details of how to incorporate a medical marijuana dispensary business and how the regulations work.

We are seeing individuals completing 4 different types of incorporations. They are as follows:

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Laura Bio Headshot

Laura Harvey is an entrepreneur herself as the owner of Ontario Business Central Inc. Her passion has always been about supporting the entrepreneurial spirit and advancement within Canada.

Laura authors in-depth blogs for Ontario Business Central assisting entrepreneurs and business owners to start, manage and grow their businesses. She has almost 30 years of expertise as a corporate specialist and 25 years of being an entrepreneur. Laura has the unique position of supporting a community that she also belongs to. She walks the walk right along with you.

You can find Laura on Linkedin and Twitter using the links below.

Dissolving An Ontario Corporation

How To Dissolve An Ontario Corporation

In order to end the existence of a corporation in Ontario, it needs to be dissolved. Dissolution occurs when a corporation is terminated legally. To achieve dissolution, a Certificate of Dissolution needs to be issued by Corporations Canada.

Consent to Dissolve

Before you can dissolve your corporation ensure that it is up to date with its corporate tax filings. Your representative, in this case the company’s accountant or bookkeeper, will need to contact the Minister of Revenue to find out where you stand on all corporate tax filings. The Minister will inform your representative if everything is current. Then, you are free to request a consent letter that states that your company has been given the go-ahead to dissolve.

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Laura Bio Headshot

Laura Harvey is an entrepreneur herself as the owner of Ontario Business Central Inc. Her passion has always been about supporting the entrepreneurial spirit and advancement within Canada.

Laura authors in-depth blogs for Ontario Business Central assisting entrepreneurs and business owners to start, manage and grow their businesses. She has almost 30 years of expertise as a corporate specialist and 25 years of being an entrepreneur. Laura has the unique position of supporting a community that she also belongs to. She walks the walk right along with you.

You can find Laura on Linkedin and Twitter using the links below.

Dissolving A Federal Corporation

How To Dissolve A Federal Corporation

The act of ending the existence of a corporation is called dissolution. A Certificate of Dissolution will need to be issued by Corporations Canada. In order to legally dissolve a Federal corporation and receive your certificate, you will need to file Articles of Dissolution. Terminating a corporation’s existence is sometimes a necessary evil of doing business. The corporation’s operations may have run its course or provided all the services it possibly could under its current capacity. Whatever your reason, dissolving a Federal corporation is simple.

In order to dissolve your Federal corporation the following information is required:

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Laura Bio Headshot

Laura Harvey is an entrepreneur herself as the owner of Ontario Business Central Inc. Her passion has always been about supporting the entrepreneurial spirit and advancement within Canada.

Laura authors in-depth blogs for Ontario Business Central assisting entrepreneurs and business owners to start, manage and grow their businesses. She has almost 30 years of expertise as a corporate specialist and 25 years of being an entrepreneur. Laura has the unique position of supporting a community that she also belongs to. She walks the walk right along with you.

You can find Laura on Linkedin and Twitter using the links below.

Registering A Foreign Corporation In Ontario

How To Register A Foreign Corporation In Ontario

Registering a foreign corporation in Ontario is essential if you wish to do business in the province. If you do not register your corporation you cannot operate in Ontario, open a bank account, apply for HST or obtain cheques. These are all important facets of doing business which means you need to register your corporation in the province. Here’s how:

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Laura Bio Headshot

Laura Harvey is an entrepreneur herself as the owner of Ontario Business Central Inc. Her passion has always been about supporting the entrepreneurial spirit and advancement within Canada.

Laura authors in-depth blogs for Ontario Business Central assisting entrepreneurs and business owners to start, manage and grow their businesses. She has almost 30 years of expertise as a corporate specialist and 25 years of being an entrepreneur. Laura has the unique position of supporting a community that she also belongs to. She walks the walk right along with you.

You can find Laura on Linkedin and Twitter using the links below.