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Essay / Research Paper Abstract
This 3 page paper is a general overview of the legal requirements for a new business setting up in Ontario Canada. The paper looks at registration, incorporation, business numbers, licenses, taxes and other potential sources of legislation. The bibliography cites 2 sources.
Page Count:
3 pages (~225 words per page)
File: TS14_TEbusregca.rtf
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Unformatted sample text from the term paper:
involve the structure of the company; there are advantages and disadvantages of each. All of which have legal implication including issues such as liability and the way registration and licenses
will need to be applied for. If a partnership is chosen then it is advisable for a partnership agreement to be drawn up to protect the partners, these along with
sole proprietorships, as well as corporation, where there is limited liability ad co-operatives, all have to undergo business registration. The business will need to be registered under the Business Names
Act of Ontario. Under this act all businesses have to register, with the exception of individuals who are trading under there own name, however, as soon as it is more
than just the individuals name registration has to take place. For example, Jane Smith trading under her own names is not required to register, but Jane Smith Flowers, is required
to register. If the trading name is going to be different from the registered name, this will be classified as a fictitious business name and there will be the
additional need to registers a dba business name, and obtain a fictitious, film or assumed business name certificate. If the firm is to be incorporated there are additional legal
procedures for the firm to be incorporated. This is covered by the Business Corporations Act, and include the filing of the articles of incorporation, which may be filed electronically, or
by mail, and can be completed in English or French, it is essential that there is a Ontario biased NUANS report for the name that is being proposed, including with
the application. NUANS1 is a search system that will compare the name of the proposed firm, and the trade marks, against those already in existence and protected. The fee for
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