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4 Essential Steps To Registering Your Business In Ontario

4 Essential Steps To Registering Your Business In Ontario

<p style&equals;"text-align&colon; justify&semi;">Registering your new business might seem like a stressful ordeal&period; But it is actually quick and easy when you know what to do&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Follow these four essential steps to register your new business in Ontario&colon;<&sol;p>&NewLine;<h2 style&equals;"text-align&colon; justify&semi;"><b>Step 1 &&num;8211&semi; Choose a Name<&sol;b><&sol;h2>&NewLine;<p style&equals;"text-align&colon; justify&semi;">The first step to registering your business in Ontario is coming up with a name&period; It is important to take your time when coming up with a name because it will be difficult to change later&period; Also&comma; you want to ensure that the name is unique&comma; interesting&comma; easy to remember and related to the products or services that your business will be offering&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">When choosing your company&&num;8217&semi;s name&comma; make sure that you run a search with the province of Ontario to make sure it is unique&period; The Enhanced Business Name Search lets you search for businesses registered with the Ontario Ministry of Government Services&period; However&comma; keep in mind that Business name registration does not guarantee exclusivity&comma; so it is a good idea to do a regular online search to find out if others in nearby areas have a business with the same name as yours&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;"><img class&equals;"aligncenter size-full wp-image-8453" alt&equals;"4 Essential Steps To Registering Your Business In Ontario" src&equals;"https&colon;&sol;&sol;medusamagazine&period;com&sol;wp-content&sol;uploads&sol;2013&sol;10&sol;4-Essential-Steps-To-Registering-Your-Business-In-Ontario&period;jpg" width&equals;"454" height&equals;"340" &sol;><&sol;p>&NewLine;<h2 style&equals;"text-align&colon; justify&semi;"><b>Step 2 &&num;8211&semi; Determine the Legalities<&sol;b><&sol;h2>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Before registering your company&comma; look at the legal aspects of your new company&period; For example&comma; you will have to determine the type of business you will be running&comma; how many people will be involved in your company&comma; how you will file your taxes and more&period; You also may or may not need a business license to legally operate&period;  You can use services such and BizPal to show you what licenses and permits you may require&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Determining all of these things ahead of time will make registering your new business easier and can help you avoid any legal hiccups later on down the road&period;<&sol;p>&NewLine;<h2 style&equals;"text-align&colon; justify&semi;"><b>Step 3 &&num;8211&semi; Register Your Business Name<&sol;b><&sol;h2>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Registering your company name is important&semi; in fact&comma; you could face hefty fines and penalties if you don&&num;8217&semi;t&period; To register your company name&comma; you will need to log on to the Business Name Search&comma; Registration&comma; and Renewal Service website on ServiceOntario&period; Once you are on this page&comma; you can complete the entire process online&period;<&sol;p>&NewLine;<h2 style&equals;"text-align&colon; justify&semi;"><b>Step 4- Sign Up for Business Accounts with the Government<&sol;b><&sol;h2>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Although you might think that registering your company name will take care of everything&comma; you will still need to sign up for business accounts with the government for various things related to your business&period; For example&comma; you will need to register if you will be importing or exporting goods&comma; and you will also have to sign up for certain services if you will be taking out payroll taxes&comma; such as if you have employees working under you&period; The Canada Revenue Agency can help you with these things and more&comma; however&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Although it might seem like a stressful ordeal&comma; registering your new company is a relatively easy process that has been made even easier with online registering options&period; It is also essential to take care of these things so that you don&&num;8217&semi;t have to worry about legal issues and fines and so that you can set to work right away at helping your new company to succeed&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Once your business is registered&comma; the next step is Hiring Employees&period; To find out more about hiring employees and responsibilities you take on when you become an employer click here&period;<&sol;p>&NewLine;

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