If you’re looking to register a business in Ontario, one of the first questions you may have is how much it will cost. The cost of registering a business in Ontario can vary depending on a few different factors. Here’s a breakdown of the costs you can expect:
- Business Name Registration: If you’re registering a sole proprietorship or a general partnership, you’ll need to register your business name with the Ontario government. The cost for this is $60, and it’s valid for five years.
- Business Registration: If you’re registering a corporation, you’ll need to file Articles of Incorporation with the Ontario government. The cost for this is $300.
- Federal Incorporation: If you plan to do business outside of Ontario, you may want to consider incorporating federally. The cost for this is $200.
- Trademark Registration: If you want to register a trademark for your business name or logo, the cost for this is $250 per class of goods or services.
- Other Fees: Depending on the nature of your business, you may need to obtain other permits and licenses. For example, if you’re starting a restaurant, you’ll need to obtain a food service permit, which can cost anywhere from $100 to $1,000.
In addition to these costs, you’ll also need to consider ongoing fees such as annual report fees and taxes.
While the costs of registering a business in Ontario can add up, it’s important to remember that investing in the legal foundation of your business can pay off in the long run. Having a solid legal structure can help protect your personal assets and set your business up for success.
At Falcon Law PC, our experienced business lawyers can help guide you through the process of registering your business in Ontario and ensure that you have all the legal documents and permits you need to get started. Contact us at 1-877-892-7778 or send an email to firstname.lastname@example.org to schedule a consultation.