So You Want to Be a Corporate Big Shot in Ontario, Eh?
Congratulations! You've decided to ditch the nine-to-five and become your own boss...by becoming a boss to a whole corporation, that is. Welcome to the wonderful world of incorporation in Ontario! It's like building a business empire, except with fewer gladiator sandals and more...well, paperwork. But fear not, intrepid entrepreneur! This guide will be your trusty spork (sp foon? Spoork!) as you navigate the exciting, occasionally confusing, world of turning your business idea into a legal behemoth.
 |
| How Do I Start A Corporation In Ontario |
Step 1: Naming Your Corporate Offspring (It's More Than Just a Name, It's an Identity!)
First things first, you need a name! This isn't just about throwing random words together (although "Sparkly Unicorn Enterprises" does have a certain ring to it). Make sure the name you choose isn't already trademarked and reflects your brand. Avoid overly generic names ("Ontario Business Incorporated") and unleash your inner creative genius. Bonus points for names that strike fear into the hearts of your competitors. (Just kidding...mostly.)
Pro Tip: Check the NUANS report (don't worry, it's not a fancy cheese spread) to ensure your chosen name is available.
Step 2: Crafting Your Articles of Incorporation (The Rulebook for Your Corporate Playground)
Think of your Articles of Incorporation as the constitution of your corporate kingdom. This document outlines the who, what, and why of your business. Who are your directors? What kind of shares will you issue? Why are you even doing this whole corporation thing in the first place? (World domination? Excellent answer.)
Don't panic if legalese makes your head spin. There are plenty of resources available online and you can even consult a professional to help you navigate this step.
Tip: Read mindfully — avoid distractions.
Step 3: Dollars and Decisions (Filing Fees and Shareholder Shenanigans)
Now comes the not-so-fun part: paying the filing fee. But hey, think of it as an investment in your future corporate glory! The fee isn't enormous, but it's worth checking the government website for the exact amount.
Once the filing fee headache is over, it's time to decide on your share structure. Will you be the sole shareholder, or are you inviting your best friend Brenda to join the corporate party? This decision will impact your control and future profits, so choose wisely (and maybe don't pick Brenda if she keeps "borrowing" your stapler).
Step 4: Filing the Paperwork (The Not-So-Thrilling Finale)
With all your ducks in a row (or should we say beavers?), it's time to file the official paperwork. You can do this electronically or the old-fashioned way with snail mail. Just remember, with great corporate power comes great filing responsibility!
Congratulations! You've officially incorporated your business in Ontario! High fives all around! Now go forth and conquer the business world (or at least make a decent profit).
QuickTip: Every section builds on the last.
FAQs:
How to name my corporation?
 |
Do your research and choose a unique name that reflects your brand. Check for existing trademarks using a NUANS report.
How to write Articles of Incorporation?
Reminder: Save this article to read offline later.
There are resources available online or you can consult a professional for help.
How much does it cost to incorporate?
The filing fee is relatively low, but check the government website for the exact amount.
How to choose a share structure?
QuickTip: Skim slowly, read deeply.
Consider your ownership goals and how you want to distribute profits.
How to file the incorporation paperwork?
You can do this electronically or by mail.
 |
💡 This page may contain affiliate links — we may earn a small commission at no extra cost to you.
