Incorporation course: Topic 2: Numbered Corporation and Corporation registered address
Numbered
Corporation
Most individuals choose to name their corporation; however, in some
circumstances where a name is not purposeful to a corporation, a numbered
company is a less expensive option. Numbered companies are typically
established as holding corporations, franchisee structures or rental property
ownership as examples. The Province provides the numbers to the incorporation,
and you provide the legal ending, such as Ontario Inc.
Corporations
Registered Address
When you are incorporated in Ontario, the corporation must have a
registered office address within the Province of Ontario. The registered
address is important as it is the Provincial and Federal government’s contact
address, including CRA. Business owners will often use their home addresses, if
they do not have a separate physical location for the business. However, it is
important to note that the corporate information is public information for a
fee. An alternative to using a personal address may be to request either your
lawyer or accountant’s office be used for this purpose. Usually, there is a
yearly fee, but it’s not substantial. Since this office address will be
considered the corporate address, we don’t recommend using any third-party
companies such as a MAILBOX store. Not only is the registered address where
corporate and tax information will be delivered, it is also where any legal
actions taken against the corporation will be sent, this address will be the
address for service.
For more information about our tax services, feel free to reach out to our experts at Watterson Financial Solutions Inc To connect with us, you can either call us at 647-403-5381 or email us at robert@wattersonfinancial.com. We are a team of dedicated accounting and finance professionals, and we cater to the needs of individuals and business owners. We specialize in all areas of tax, accounting, assurance, succession planning, risk management, and business consulting. That way, we can give you full control over your finances. We also provide business advice to companies in different industries so you can become tax-efficient and transition your business into the new economy.
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