As a business person, you have to understand the benefits of picking a name and having it registered by ensuring there are no other companies using the same name to avoid business clashes. A lot of people have started that Ontario is an amazing place to start your firm, but before moving on, one must ensure the firm is registered to avoid closure of business. If one wants to register their firm, be ready to go through a step by step process that ensures one misses nothing.
Pick A Name
If you were to search online, one will be in a position to find so many names, and there is also so much information that can assist one in picking the right business name. Choosing a name means that your estimate clients know how to get to you, and it is essential for one to know some of the words and phrases that have been prohibited.
Do A Search
Once an individual has listed a few names, you need to go through the internet and any other sources to get those that have been used out of that list. One also has a chance of knowing where that firm is located and see the firms that have trademarks.
Getting Your Enterprise In The Records
By the time one is going to the registration bureau, you need to know the location, physical address and also a description of your firm will be required. In Ontario, one has a lot of access points on where one needs to register their business. The reason as to why most people love using the online system is because there is so much more that one can do online rather than registration which includes getting a workers safety and also insurance covers.
It Is Required That One Renews Their Business Name
It is essential for an individual to know that upgrading their business name after five years is their responsibility and a person should not forget doing so, or things would get messed up in the end. Changing the name within that period means that you have you re-register your company and still pay the fee again.
Once the tough part of choosing the name and having the firm registered, you have to get the licenses needed to operate. There are people who start firms but things backfire on them because they fail to do things the right way; therefore, it is important to follow the legal procedure and have your firm registered.