Every business person understands the importance of having a unique business name and having it registered that is why the search should begin earlier. 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.
Have A Name For Your Enterprise
There are a lot of places to seek information and also come up with some of the best names, that is why one needs to take their time and ensure they have a couple of names at their disposal, before picking the final one. 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
Registering a name does not make it exclusive not unless it has a trademark on it, however, with the list that one has a chance of getting to know the names that have been picked that is why having several on your list is better. One also has a chance of knowing where that firm is located and see the firms that have trademarks.
The Actual Registration Process
The registration process requires a person to have the location, a physical place of where the business will be located and a few other things including names of your partners if one is in partnership. In Ontario, one has a lot of access points on where one needs to register their business. Think about how much more one can do through the online system which could be getting insurance covers and also a vendors permit.
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.