Ontario Business Registration Explained

If a business name is different from the business owner’s legal name, the business name must be registered. In Ontario, an unincorporated business registration is valid for five years before it has to be renewed. Once you register your business name, you will receive a Master Business Licence (MBL), which serves as proof that you have registered the business name with the Ontario government and can be used for various legal purposes, including opening of a business bank account.

Before filing for an Ontario business registration, you should complete several preliminary steps. First, talk to Eric P. Cohen, Barrister & Solicitor, an Ontario lawyer, about the business and the most optimal business structure in your situation. You should ensure the business entity you choose is correct for your particular requirements. You should also ensure that there are no other businesses with the same or similar name to the one that you have chosen.

Once you have completed your Ontario business registration, you also want to ensure that you register or apply for any other licences, certifications, or registrations that you need to have in place in order to legally operate your new business. For instance, you may need to register for workers’ compensation coverage if you have employees or are in an industry with mandatory coverage. It is ideal to have an experienced lawyer to assist you through this process, so that you can ensure all paperwork is properly prepared and that you have everything you need to legally operate your business in Ontario. When everything is in place as it should be, you can be confident in moving forward with your new endeavour.

Articles on this blog are general in nature and are provided for informational purposes only. Use of this blog does not provide or replace individualized legal advice and does not create a solicitor-client relationship with our firm. Users who require legal advice on a particular matter should consult directly with Mr. Eric Cohen, Barrister & Solicitor, an Ontario lawyer or a competent lawyer in their Province or State.

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