Business (Trade) Name
Each corporation has a legal name, which is the name listed on the certificate of Incorporation. When a corporation starts new business activities it may need another business name related to the new business activities.
For example, Alex Home Construction Inc. may decide to open a separate division, which offers web design services. It’s quite difficult to offer such services under the name related to home construction.
Incorporation of a new corporation for that new business area is not necessarily the best solution. Each separate legal entity requires additional time and expenses (tax registrations, tax returns, etc.). The quick and inexpensive solution is registration of a business name, which reflects the business activities of that new corporate division.
As a result, Alex Home Construction Inc. is able to register and do business under the name Alex Web Design.
Registration of new business names takes 30 minutes to 2 business hours.
Ontario Business name registration is valid for 5 years.
A corporation could register an unlimited number of business names.
Quick and inexpensive registration
No additional expenses for accounting services and filing of additional tax returns
Ability to register a separate business name for each area of the corporations business
Registration of a business name does not protect the name
Registration of each name must be renewed every 5 years
Please note our company does not provide legal and tax advice.
We recommend you to seek a professional advice from a lawyer or accountant, who is authorized to practice in your province before incorporating a company.