Small Business Incorporation in Ontario, Canada

Incorporating Your Small Business in Ontario

Incorporating a small business in Ontario is an important step in ensuring long-term success and stability. At Account on Fullerton, we offer more than just business incorporation—we provide full-service solutions for small businesses, from the initial setup to ongoing support. Whether you’re starting a business or looking for ongoing bookkeeping and advisory services to help you grow, we’ve got you covered.

Our team specializes in Ontario and Canada Corporation incorporations, so we can assist you in every step of the process. And it doesn’t stop there—we also help with keeping your business compliant and offer personalized support through our comprehensive bookkeeping services. This ensures that your business has the right foundation for sustainable growth.

Understanding the Benefits of Incorporation

Incorporating your business in Ontario offers numerous benefits that extend beyond just legal protection. Here’s how Account on Fullerton can help you make the most of your incorporation:

Limited Liability Protection: As a corporation, your personal assets are protected from business liabilities. This gives you peace of mind, knowing your personal property is separate from your business risks.
Enhanced Credibility: Incorporation adds credibility to your business, which can make it more attractive to potential investors and clients. It shows that you are committed to your business’s long-term growth.
Tax Advantages: Corporations benefit from lower tax rates, potential income splitting, and other opportunities to optimize your financial performance. Our team works closely with you to help you leverage these advantages and plan your taxes effectively.

Choosing the Right Type of Corporation

When incorporating, you have two options: federal or provincial incorporation. Account on Fullerton will help guide you through the best choice for your business needs.

Provincial Incorporation: Best for businesses focused on operating within Ontario. It's more straightforward and often cost-effective for those who plan to stay within provincial borders.
Federal Incorporation: Ideal for businesses that plan to operate across Canada. We can help you determine if federal incorporation is the right choice, offering broader name protection and flexibility.

How Account on Fullerton Can Help You Incorporate

We understand that incorporation can be overwhelming, which is why we’re here to assist with every aspect. Our services include:

Choosing between federal or provincial incorporation

1. Name Search & Registration

We help you choose the right name for your business and ensure it’s legally available through a NUANS (Newly Upgraded Automated Name Search).

2. Preparing Articles of Incorporation

We handle all the legal paperwork required to establish your corporation, ensuring your filings are completed accurately and on time.

3. Appointing Directors & Officers

We guide you in selecting the right individuals to manage your business’s operations and comply with legal requirements.

4. Creating Corporate Bylaws

Although bylaws are not mandatory for filing, we assist in creating them to ensure smooth governance and protect your business interests.

5. Tax Registration

From HST to payroll taxes, we ensure your business is registered and compliant with all provincial and federal tax regulations.

Maintaining Compliance & Ongoing Support

Incorporating your business is just the beginning. At Account on Fullerton, we provide ongoing support to help your business thrive.

1. Annual Filings & Record Keeping

Our team takes care of your annual filings, ensuring your business remains in good standing with the Ontario Ministry of Government and Consumer Services. We also manage your corporate records, ensuring they are accurate and up to date.

2. Financial Statements & Auditing

We can prepare your financial statements and, if necessary, assist with audits. We provide valuable insights into your business’s financial health, ensuring you have a clear picture of where your business stands.

Growing Your Business with Expert Support

Incorporation opens doors to new growth opportunities. As your trusted partner, Account on Fullerton provides the tools and support necessary for your business to grow and succeed:

1. Accessing Capital

We help you navigate financing options, including the ability to issue shares and access better loan terms, to fund your growth initiatives.

2. Strategic Partnerships

Our team connects you with other businesses and potential partners, helping you expand your network and build strategic alliances.

3. Tax Planning & Credits

We offer ongoing tax planning services, ensuring you take advantage of credits and incentives available to your business. Our advice helps you minimize tax liability and reinvest savings into your business for continued growth.

Incorporating a business with articles of incorporation

Positioning Your Business for Future Success

At Account on Fullerton, we are more than just accountants—we are your full-service business partner. From incorporation to ongoing bookkeeping and tax planning, we ensure that your business has the tools, support, and expertise needed to grow and thrive.

Whether you are just starting out or looking for help managing your finances and growing your business, we are here to guide you every step of the way. Contact us today to learn more about how we can help your business succeed.

FAQs

What are the benefits of incorporating a business in Ontario?

Incorporation offers limited liability, tax advantages, and enhanced credibility, making it easier to attract clients and investors.

How do I choose between federal or provincial incorporation?

Federal incorporation is ideal for businesses planning to expand across Canada, while provincial incorporation is best for businesses operating within Ontario.

What is the process for incorporating my business in Ontario?

The process includes name search, filing articles of incorporation, appointing directors, creating bylaws, and registering for taxes in Ontario.

What are the ongoing compliance requirements after incorporation?

Annual filings, maintaining corporate records, preparing financial statements, and adhering to tax regulations are key compliance responsibilities.

How can incorporation help my business grow?

Incorporation opens up opportunities for accessing capital, tax planning strategies, and forming strategic partnerships to fuel business growth.

Incorporating Your Small Business in Ontario