Setting up a corporation in Ontario is also quite easy. (Remember
that provincial incorporation creates a company that is a legal
entity in Ontario only and that your corporation's name is protected
in Ontario only, unlike federal incorporation, which creates a legal
entity throughout Canada with the right to operate anywhere in
Canada, and a name that is protected nation wide.)
1. Choose a name for your corporation. Just as with a sole
proprietorship or partnership, there are some restrictions on the
names you may use. This
information sheet provides details on these restrictions.
2. Conduct a name search (unless you're going to be
operating a numbered company). This search, done by a Searcher of
Records, confirms no one else has a business or registered trade
mark with the same name or similar to the name you've chosen for
your corporation. You must provide a current NUANS (New Upgraded
Automated Name Search) report with your application for
incorporation.
3. Complete the Articles of Incorporation (Form 1 under
the Business Corporations Act). If you want to file the
old-fashioned way, using paper forms, you can purchase Business
Incorporation forms from lawyers, legal stationery stores or name
search houses. If you choose to go through the incorporation process
electronically, you can use either
Cyberbahn Inc. or
OnCorp Direct Inc. to complete the Articles of Incorporation
online.
4. Create a covering letter which identifies the name,
return address and telephone number of a contact for the
corporation. If you are registering electronically through Cyberbahn
or OnCorp, you will complete the covering letter online as well.
5. File your application for incorporation. Your
application must include the completed Articles of Incorporation,
the covering letter, and a current NUANS name search which shows the
name searched, the NUANS reservation reference number, and the NUANS
date, as well as the appropriate fee.
If you are filing your documentation in person or by mail at the
Companies Branch, or at a Land Registry Office, the registration fee
is $360. If you are filing electronically, you will pay the
statutory fee of $300, plus the fee charged by the primary service
provider.
Need more information? Ontario business incorporation is handled
through the
Ministry of Consumer and Business Services, Companies Branch.
You can contact the Ministry in Toronto at (416) 314-8880 or toll
free at 1-800-361-3223. And Publications Ontario sells a Business
Incorporator's Handbook for $5.00 which you may purchase through
their
online catalogue.