Get Incorporated in Ontario
A corporation, as its own legal entity, requires a minute book to document its entire journey, from the beginning (incorporation) to the end (dissolution).
Federal/Ontario number or named company
Form I-Initial Return
How We Work
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The first step in opening a new company is to reserve a name. A corporate lawyer can help you review the existing companies to determine if the chosen or similar names have already been taken. If the lawyer determines that the Registrar will not approve the chosen names, they will ask you to come up with other names. Therefore saving you some time and money.
A corporate lawyer, working in conjunction with your accountant, can assist you in determining which type of share structure is most suitable for your business. You may need to issue shares to your company's investors and create different classes of shares, for example, with the right to vote and without or with the right to receive dividends. This type of operation often requires a lawyer’s insight.
Determining a list of every document you need can take time and effort. Using a corporate lawyer can ease the process of figuring out what paperwork is required to incorporate a business.
The list of documents usually consists of the Certificate of Incorporation, Articles of Incorporation and the Company’s Minute Book. While depending on your particular situation, there will also be other documents.
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Frequently Asked Questions
To begin the incorporation process in Toronto, you typically need to choose a business name, complete the required forms, and submit them to the provincial authorities. It's recommended to consult with a legal professional to ensure accurate and efficient filing.
The cost of incorporation in Toronto includes government fees, legal or professional fees for assistance, and any additional services you may require. It's advisable to obtain a detailed quote from professionals offering incorporation services.
While you have some flexibility in choosing a business name, it must be unique and not already in use by another registered business. It's essential to check the availability of your chosen name before starting the incorporation process.
While it's not mandatory to have a lawyer, many businesses choose to seek legal advice or assistance during the incorporation process to ensure compliance with regulations and avoid potential pitfalls.