Registering Your Business In Canada Using Ownr: Comprehensive Guide

Starting a business can be an exhilarating journey as it involves navigating various legal requirements. Registering your business in Canada is crucial to establishing a legal entity. You can learn the steps directly from the Government of Canada’s website. Fortunately, with Ownr, a subsidiary of the giant Canadian Bank RBC, the process has become more accessible and streamlined. In this blog post, I will guide you through registering your business in Canada using Ownr, sharing my experience and insights.

Steps for Registering Your Business in Canada

Understanding Ownr and Its Benefits:

When I embarked on my entrepreneurial journey, I was relieved to discover Ownr, an online platform that simplifies registering a business in Canada. With Ownr, you can create a business name, register it, obtain the necessary business licenses and permits, and even set up a business bank account from one convenient platform. This all-in-one solution saved me time and eliminated the need to navigate multiple legal documents and government websites.

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Choosing a Business Structure:

Before diving into the registration process, it’s essential to determine the most suitable business structure for your venture. Ownr provides valuable guidance on the different structures available in Canada, such as sole proprietorship, partnership, and corporation. You can decide the best structure for your business depending on your specific needs and goals.

Creating and Registering Your Business Name:

Crafting a memorable and unique business name is a significant aspect of branding. Ownr simplifies this process by offering a business name search feature that allows you to check the availability of your desired name. Once you’ve found a name that suits your vision, you can register it directly through the platform.

Filing Necessary Documents:

Some of the documents, required for business registration include personal identification, proof of address, and, depending on the business structure. Ownr ensures a seamless document creation process for additional documents like articles of incorporation or partnership agreements using their extensive legal library, customization, and submission, reducing the hassle of paperwork.

Apply for a Business Number or Tax account:

Once you have all the necessary documents, you can submit your application directly to the government through your Ownr portal. If your application is successful, you’ll be assigned a business number with which you can now register for other tax accounts. Examples of Tax accounts you may need to enroll for are GST/HST (RT), Payroll taxes (RP), and Business taxes (RC).

Acquiring Business Licenses and Permits:

Certain types of businesses require licenses and permits to operate legally in Canada. Ownr simplifies this by providing a comprehensive list of licenses and permits relevant to your business. I found this feature incredibly helpful, as it eliminated the need for extensive research and saved me time and potential headaches.

Setting Up a Business Bank Account:

Separating your personal and business finances is crucial for accounting purposes and maintaining credibility. Ownr’s platform lets you quickly set up a business bank account with its principal bank, Royal Bank of Canada, eliminating needing to visit a physical branch. This streamlined process ensures a smooth transition from registration to financial management.

Additional Support and Resources:

As an entrepreneur, I greatly appreciated Ownr’s commitment to providing ongoing support and resources. The platform offers access to valuable tools, educational content, and expert advice to help you navigate the intricacies of running a business successfully. Ownr’s resources have become my go-to guide from legal compliance to marketing strategies throughout my entrepreneurial journey.

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Conclusion:

Registering a business in Canada may seem daunting, but Ownr has revolutionized the process, making it accessible and user-friendly. With its intuitive platform and extensive resources, I found registering my business a smooth and hassle-free experience. Whether you’re starting a sole proprietorship, partnership, or corporation, Ownr simplifies the process from start to finish.

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