As a business person, you have to understand the benefits of picking a name and having it registered by ensuring there are no other companies using the same name to avoid business clashes. Ontario is a great place for on to start an enterprise and the best part is that it is easy for an individual to set up a business and earn a great living from that but you must be willing to have done your research in getting a business name and getting it registered. If one wants to register their firm, be ready to go through a step by step process that ensures one misses nothing.
Select The Best Name For Your Firm
Picking the name of your firm is not as tough as most people might think, but one has to come up with a lot of them so that you will have varieties to choose from when it comes to the actual selecting. Customers will get to find your company easily by searching the name but even as one goes through the process, they need to learn what is required because some phrases are not accepted in the business world.
Do A Search
Once an individual has listed a few names, you need to go through the internet and any other sources to get those that have been used out of that list. Through your search a person will know the location of an enterprise and if it has a trademark on it.
Getting Your Enterprise In The Records
When one goes to the registration bureau there are a few things that are required, and that is why one needs to draft a description of what the firm will be doing, its location, and it is essential also to register your partners and their addresses. In Ontario, one has a lot of access points on where one needs to register their business. The reason as to why most people love using the online system is because there is so much more that one can do online rather than registration which includes getting a workers safety and also insurance covers.
Upgrading Your Business Name
After about five years, each corporation is required to renew its name and the bureau will not send a reminder so one should mark the date of when the renewing process should be done. In a situation your firm name changes within that period, no one needs to register their firm ounce more and pay the registration fee.
It is not so hard to register a company in Ontario, and once everything is set, consider getting the necessary legal permits to ensure your business will be up and running soon. A professional would not only come up with a name but also ensure it is registered and if an individual wants exclusivity, consider getting a trademark.