Business Name

In order to register a new business, you need to register a business name. Unlike incorporating a company, a full NUANS Report that reserves the name to be used for incorporation is not required. However, we strongly recommend completing a NUANS Pre-Search as part of your process to choose a name for your business. The pre-search can be used to ensure the name you would like to register is not too similar to other names, or that it is already not being used by an existing business - this means you can make an informed decision on the name you intend to register.

 

The three types of business name registrations that are available online through us are:

  • Sole Proprietorship: A registration by an individual. The owner of the business is solely responsible for all debts, liabilities and obligations of the business.
  • General Partnership: A registration by two or more partners which can include individuals and/or corporations. Owners of a partnership have unlimited liability relating to the business meaning each partner is liable for the debts and obligations of the business.
  • Corporate Business Style or Trade Name: A corporation that would like to register another name (other than their corporate name) can register a business name that will show 100% ownership by the corporation. A corporation may choose to register multiple names, commonly referred to as operating names.

 

The fastest, most efficient and cost-effective way to register a business name for Sole Proprietorships, General Partnerships and corporation operating names is online. Business name registrations for these business types are effective for a 5 year period, after which they will expire if not renewed. If you previously registered your business name and would like to renew it, please click here for further details.

 

To begin the registration process you will require the following key information:

  • Business Name: The full name of the business you are going to register.
  • Business Address: Provide both the physical address of the business as well as the mailing address. The physical address of the business cannot be a P.O. Box.
  • Business Type: Type of registration (i.e. Sole Proprietorship, Partnership or Corporation (Corporate operating name).
  • Owner Information: Based on the type of registration, you will need to include the following details:
  • Owners' Full Names: Includes first name, last name - middle name is optional. For registrations where the owners include a corporation, the corporation name and Ontario Corporation Number will be required.
  • Owners' Address for Service: Include the individual’s or corporation’s address, as prescribed by the registration type.
  • Business Activity: Describe the main business activity, product or service. The description of business activity cannot exceed 40 characters.

To complete the registration of your new business, you will also be required to provide details such as your billing and contact information.

 

Once you submit your registration, we order number confirmation will display on the screen. As soon as the registration is completed, you will receive an email from "info@blueocean.tax " with your Master Business Licence in PDF format. The PDF document is the original copy of your Master Business Licence.