There are 3 types of registrations available as small businesses in Manitoba. You can register as a Sole Proprietorship, Partnership or a Registration under a Corporation.
What is the difference between these 3 types of registration?
- A Sole Proprietorship is a registration or business owned by one person solely that is not an incorporated company.
- A partnership is a registration or business owned by two or more persons and is not an incorporated company.
- A Registration under a corporation is a business owned by a corporation.
What does a Sole Proprietorship or Partnership Business Registration provide to you?
Considered as a less expensive alternative to incorporation, these registrations allow you to operate a business simply and inexpensively however the registrations do not have the same protections associated with Incorporation.
The Sole Proprietorship and Partnership do not have liability protection as a separate entity from those who own it and therefore the individual owners are personally responsible for the debts and obligations of the business. This is also the case if a lawsuit is claimed against the business, in these registrations, the individual owners are responsible for the personal or property loss if proven in court.
Registration Under a Corporation in Manitoba
Registering a business under a Corporation in Manitoba means that the registration is linked directly to the corporation meaning you have limited liability for personal assets, may find it easier to obtain financing and may find possible tax advantages. The corporation would be considered a legal entity that would own the registered business and would exist separate from any owners.
Although all business names are searched and approved by the Province of Manitoba, the only type of registration that would offer name protection would be a Corporation. So, if you wish to have name protection for the business where no one can use the exact same business name within the Province, you may want to look at incorporating.
Sole Proprietorships, Partnerships and Registrations under Corporations offer:
- Continued existence of registration for 3 years until renewal is required
- Less Expensive relative to incorporating
- Are available to non-residents of Canada
Things to Keep in Mind about Business Registration:
- Other business may operate under same or similar name to your business name
- Amendments to completed registrations are limited, often requiring new registration filing
For Sole Proprietorships and Partnerships:
- You are personally liability for the debits and obligations of the business
- You are personally taxed for the business revenues under your personal income tax unless registered under an existing corporation.
What is needed register?
- The name of the business
- Manitoba address for the business (if you don’t have a separate business address, a home address can be used as long as the address is in Manitoba, a power of attorney may be required)
- The activity of the business (a short description of what your business does)
- Owners legal names (check drivers licence to ensure you register the same way)
- Owners address or addresses, this address can be in or outside of Manitoba
- Corporate Name (if it is a Registration under an existing corporation)
- Director Name (if it is a Registration under an existing corporation)
- Contact person who can be contacted with regards to any questions or concerns with the registration.
- The place of business including the full address of where the business is located within Manitoba. A Post Office Box will only be accepted when a civic address for the mailing address or applicant(s) address is also provided.
- Start date for the business: The submitted date provided is not acceptable when the operation begin more than 30 days from the date of the initial registration. If the business is being renewed after 3 years or more of business then only a month and year are required.
- When the registration is submitted as a renewal, tax account information may be required to process the renewal.
How long does Registration take?
It only takes 3 to 5 minutes to fill in the application with us online and once submitted, the registration is processing begins same day Monday through Friday, 9 am to 5 pm Est.
Name Reservation is mandatory in the Province of Manitoba.
When registering, you can provide 1 business name for review with the examiner at the Manitoba government. The examiners will review the name as you have provided and either accept or reject the name.
The name reservation results do not include trademarks, incorporations or businesses outside of Manitoba. The approval is determined by the Registrar and does not warrant any issue over potential name conflicts.
To register is $60.00 + $49.99 our fee
To complete the Name Reservation $65.00
We highly recommend you complete a NUANS preliminary search which will provide a listing of corporations, small business and trademarks in both within Manitoba and throughout all of Canada. This is helpful as it adds significant insight into what businesses are already in existence.
A preliminary search provides what?
Our fee $20.00
A preliminary search shows the existing businesses in a number of Canadian Provinces including incorporated businesses and federal trademarks which hold name protection.
In the event the name you have selected has similarly named business conflicts, you can provide a new name at no additional cost.
You can order a NUANS preliminary search and have the results within 2-5 hours:
Why use us?
We have been assisting individuals to complete business filings since 1992.
We have many resources available to new business owners throughout our website and blogs.
Our staff is only a phone call or email away if you require any information to help you feel comfortable and confident in completing your Manitoba registration, please feel free to reach out Monday thru Friday to us
Start your Manitoba Registration
If you would like further information, please feel free to reach out to any of our staff who are always here to assist entrepreneurs to start their new businesses. Ontario Business Central has been assisting individuals wishing to establish an Ontario Limited company for the last 25 years. Our mandate is to help individuals who wish to become entrepreneurs and our sole mission is to provide an easy online platform to begin your dream of business ownership.
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.
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.