Do you need to register a trade name in Ontario?
If you want to use a name other than your legal business name, you will need to register it as a trade name. Failing to register a name that you are using can result in significant fines and other legal consequences.
How much does it cost to register a business name in Ontario?
$60
To register or renew your business name, it costs $60 online or $80 by mail or in person for sole proprietorship or general partnership; and it costs $210 for limited partnership.
What is difference between business name and trade name?
A corporate name is the name under which an entity is formed, or registered. In most cases, corporate names ends with a distinct suffix (i.e., Inc., LP, LLC, etc.). A trade name is a fictitious/alternate name under which an entity may choose to operate.
How do I get a trade name for my business?
In the case of a company or business that is registered under Companies Act 2013, their trade name and legal named can be checked with the help of an Incorporation certificate issued by the Registrar of company.
What is a trade name in Ontario?
Trade names are business name registrations for corporations. Any corporation that identifies itself to the public under a name other than its full corporate name must register that name as a trade name (also known as a business name, operating name, fictitious name, trade style, and dba – “doing business as” name).
What does registering a trade name mean?
A trade name is commonly known as a doing business as (DBA) name. Registering a trade name legally is an important step in branding for a company, but it doesn’t provide an unlimited brand name or legal protection for the use of the name.
Do I need to register my small business Ontario?
In Ontario, you are required to register your business name within 60 days of opening your business. You are exempt from this requirement if you use your own name for the business. If you add another word, for example, Your Name Consultants, you must then register the name.
How do I register a small business in Ontario?
- Conduct market research.
- Prepare business plan.
- Decide on the ownership structure for your business.
- Register your business online.
- Check if you need licences and permits.
- Confirm if you need to charge HST.
- Understand your tax obligations.
- Consider business insurance.
Does a trading name need to be registered?
A trading name is the name (or names) used by a person, partnership or company for carrying out business which is not the same as their own name or official registered name. A business may use as many trading names as it requires, but these cannot be registered as official names of the company.
What is the purpose of a trade name?
A company typically uses a trade name to conduct business using a simpler name rather than using their formal and often lengthier name. Trade names are also used when a preferred name cannot be registered, often because it may already be registered or is too similar to a name that is already registered.
What is the difference between trade name and trademark?
Normally a trademark appears on the product or on its packaging, while a service mark appears on advertising for the services. A trade name is an actual or assumed name of a business entity, not a name for a specific product or service.
Why should you register a trade name?
The purpose of a trade name is for state officials to know what companies are operating within the state’s borders. This is generally for tax purposes, although it’s also useful to keep track of companies that offer goods or services in each state. However, legal protection on trade names varies amonn states.
Do I need a business license to sell online in Ontario?
No you may not sell, either online or offline, in Canada without a business license from the province where the business is located. If you sell goods or services for financial gain, you need a business license. Most businesses must renew their license every year.
Do you need a business license in Ontario?
A Business Licence may be required for some businesses in order to operate in Ontario. This is in addition to the business name registration. For example, “Joe’s Garage” is required to register its business name and obtain a licence in order to operate as a garage.
How much can a small business make before paying taxes in Canada?
Collecting and remitting the tax
If your business revenue exceeds $30,000 per year you must register to collect and remit the GST/HST on sales of applicable products and services. You can also register voluntarily to collect and remit the tax if your business revenue is below $30,000.
Is a trading name a legal entity?
When you register a company name at Companies House, it is protected by law so no other business can use it. Trading names do not receive this protection, which means that if someone wanted to register your trading name as a limited company, they could do so, whilst also demanding that you stop using it.
Can 2 companies have the same name?
Can Two Companies Have the Same Name? Yes, however, certain requirements must be met in order for it to not constitutes trademark infringement and to determine which party is the rightful owner of the name.
Should I trademark my trade name?
Summary. Registering your business name for a trademark isn’t required in order for you to have trademark rights. However, a registered trademark can provide greater protection for your brand while helping you build your brand and drive business growth.
Does a small business need to be registered?
Most business of any appreciable size need to be registered with one or more government agencies. The exception is small, one-person business, which can carry out many types of operations, without any formal registration. Small partnerships may not be required to register either.
Do I have to pay HST if I make less than $30000?
You have to start charging GST/HST on the supply that made you exceed $30,000. You exceed the $30,000 threshold 1 over the previous four (or fewer) consecutive calendar quarters (but not in a single calendar quarter).
Do I need to register my small business in Ontario?
Do trading names need to be registered?
How do I know if my business name is already taken?
Check Trademark for your proposed name –> Check Trademark
This website is maintained by the Office of the Controller General of Patents, Designs & Trade Marks, Department of Industrial Policy & Promotion, Ministry of Commerce & Industry.
How do I know if a business name is trademarked?
You can search for federally registered trademarks by using the free trademark database on the USPTO’s website. To start, go to the USPTO’s Trademark Electronic Business Center and choose “Search trademarks.” Then follow the instructions you see on the screen.
What happens if I don’t trademark my business?
If you do not register your trademark, you will have legal rights only within the geographic areas where you operate. This means you may be able to stop a subsequent user of the mark, even if it is a bigger company, from using the mark in your geographic area only.