How to register your business in Mississauga?

How to register your business in Mississauga?

• Business Registration, Business Planning
• August 26, 2021

How to register your business in Mississauga?

Starting a business mandates the registration of the business as per the Business Names Act. Small business owners who want to start a business as a sole proprietorship or a partnership or an operating name for a corporation, need to register their names. Also, the name of a new business needs registration if the same is not similar to the business owner’s legal name.

After business registration Mississauga is done, you get the Master Business License. You must know that it expires after 5 every year and you need to renew it every time. This is something that you need to take care of as the Companies and Personal Property Security Branch and Ontario Ministry of Consumer and Business Services or MCBS will not send you any reminder message.

Registering method for a sole proprietorship or partnership

Registration for a sole proprietorship or partnership is controlled by ServiceOntario. You can register your business name by visiting physically at a ServiceOntario center office. The same can also be done online on the ServiceOntario website - www.ontario.ca/registering-you-business-name.

The cost of registration

The charges of registering a sole proprietorship or partnership online are $60. They also charge $8 per name search. The charges to register a business name either sent by mail or by visiting physically remain to be $80 plus. The same charges of $8 per name search apply here as well.

If you are looking for more information on how to register by mail or by visiting the center, you can open https://www.ontario.ca/page/register-business-name-limited-partnership and learn a lot more on this.

Business number

For business planning, Mississauga, it is important to know that you need to create a business number. It is a single account number that deals with the federal government taxes, payroll, import, and export, along with some other activities. For hiring employees or importing and exporting products and services or selling goods and services in Ontario, you will need a business number.

You can also change your business activity or business address after registering the business by going to the “Change of Business Information or COBI” online.

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