A trade name also known as a DBA (doing business as) name is a Master Business License under your existing Ontario corporation. The incorporated business whether a named or numbered corporation has to exist before you can add a tradename under the corporation.
An example of this is 1234567 Ontario Inc. with a trade name as ABC Holdings. This allows you to operate a secondary business name under your current corporation. You can add the trade name to your current corporate bank account, advertise the name, obtain cheques under this name and invoice under this name.
The trade name registration is valid for 5 years after which you are required to be renew to maintain existence.
When you register a trade name with us, we will, at no additional cost, notify you by email when your registration is about to lapse so you can renew it for another 5 year period if required.
Within our system, you can search to see if others are using the name you would like to use for your trade name for a nominal additional fee. If there appears to be conflicts, you can provide a new name at no extra fee.
Why do people register a tradename?
The tradename provides all of the same protection as the corporation including personal liability protection, corporate tax rate, and same tax accounts as corporation however the one thing a tradename does not offer is name protection for the business. Without name protection, others can use the same business name if desired. If this is a concern to you, please contact our office and we may discuss alternative options such as incorporating a new business or changing your current corporate name where in both cases, name protection is available.
Why use Ontario Business Central?
Our online ordering application gives our customers an easy platform to provide the details to complete the trade name registration.
Order your trade name with Ontario Business Central in a matter of moments your registration will be completed and emailed to you. Contact us at 1-877-306-9458 or 416-599-9009 if you wish to speak with one of our friendly staff.