When one is starting a business registering the business is a significant requirement. Therefore one required to fill out the applications, depending on the type of the commerce that one would like to conduct, permits and licenses. It is thus crucial to consider the kind of legal business structure that will fit in your enterprise. The following steps will help you to register your business.
The first thing you should think about is the name of the business. One can choose to operate the sole proprietorship by using their real name with no any addition. When one wants to use their name, therefore you do not require registering the business name. When you choose to call your business another name, you, thus, require registering with the business services. You are required to select a business name that looks good and will draw the attention of most clients. The name that you wish should be acceptable by the company’s branch.
One is supposed to conduct researches on the name that you choose. One can find that you have registered names that are similar to bothering business as the business name Act cannot prevent you from registering a business name that is identical. To avoid this, you are required to do more research to ensure that you have a unique name. Having a name that is not identical will keep you away from the lawsuits that may emerge. Various search options can help you to conduct your name search. This will help to ensure that you do not share the business name with other persons.
You thus require registering your business name. In the registration, one needs a name and address of the business. You also need to describe the activity that you are running in your store. You are supposed to ensure that the address where the legal papers can be served. For those who are registering the company with more partners, you are supposed to provide all the names of the partners, and also you include their home address. There are many options that one can register such as the through the companies branches.
Depending on the type of business that one has you require a business license. When you are running a business you need to follow the federal laws; thus you require registering for the worker compensation insurance. Ensure that you are operating the business legally with the licenses and certification that are needed.
There are plenty of Ontario business registration services today if your business is situated in that area, and that’s why there is really no need to worry about it. If you are interested in learning more about the process of registering a business or company, then simply check this out https://en.wikipedia.org/wiki/Company_register.