Registration & Incorporation
Registration & Incorporation
If you have decided to take the leap in starting your own business, you will have to determine what business structure or form of organization suits your needs. The structure of your business depends on whether you want to run your business yourself or with a partner or associates and if you plan to have employees. There are three types of business structures: Sole Proprietorship, Partnerships, and Corporations and Cooperatives.
Once you’ve finalized the type of firm you want to establish, to open up a new business in Ontario, you may need to do the following:
To help you better understand the differences between the three types of business structures, we have listed the advantages and disadvantages of each segment.
- Check for availability of the proposed business name
- Register the business name
- Apply for an HST number (former GST number)
- Apply for a Payroll Account (if you plan to have employees)
- Apply for an Import/Export Account (if you plan to trade with other countries)
- Apply for WSIB Account (this is mandatory if you plan to have employees)
Other Services
What’s the difference between Proprietorship, Partnerships, and Corporations?
If you’re heading towards complete incorporation, apart from helping you through the process, we will also provide you with full incorporation kit and help you select a fiscal year-end or calendar year-end and when to incorporate.
Overview Project
A.A Tax & Accounting in Mississauga, ON can assist you through each step. Our Professional Accountants in Mississauga, ON can provide you expert consultancy and handle all the requirements in setting up the following:
If you’re heading towards complete incorporation, apart from helping you through the process, we will also provide you with full incorporation kit and help you select a fiscal year-end or calendar year-end and when to incorporate.
- Register / renew master business license for sole proprietors
- Register number / named Ontario corporation
- Register number / named federal corporation
- Register / renew master business license for a numbered corporation