Question 1

What is a NUANS® Report?

Accepted Answer

NUANS® Reports are used to determine the availability of a corporate or business name. A NUANS® Report is required by the Federal government and most provincial governments to register or incorporate a business.

Question 2

How do I incorporate a business in Ontario?

Accepted Answer

Incorporating in Ontario requires a unique business name, a NUANS® name search (if required), articles of incorporation, and registration with the Ontario Business Registry. Business Canada assists with preparing and filing all documents.

Question 3

How is a Federal (Canada) Corporation different from a provincial one?

Accepted Answer

A Federal Corporation can operate across Canada under the Canada Business Corporations Act, while a provincial corporation is limited to that province. Federal registration also provides broader name protection nationally.

Question 4

What is a Sole Proprietorship and how is it different from a corporation?

Accepted Answer

A Sole Proprietorship is an unincorporated business owned by one individual. It is easy to set up, but the owner is personally liable for all debts and obligations, unlike a corporation, which offers limited liability protection.

Question 5

What is a Professional Corporation and who can form one?

Accepted Answer

A Professional Corporation is designed for licensed professionals such as doctors, lawyers, or accountants. Only individuals holding a relevant professional license can incorporate this type of corporation.

Manitoba Professional Corporation

Incorporation

Manitoba Professional Corporation

New Brunswick Holding Company

New Brunswick Incorporation Package

New Brunswick Professional Corporation

Newfoundland Holding Company

Newfoundland Incorporation Package

Newfoundland Professional Corporation

Northwest Territories Holding Company