Incorporate your Ontario Holding Corporation online in just answer few questions with few clicks. Our website we will guide you steps by steps to submit your Ontario Corporation. We simplify your business setup with our easy-to-use online incorporation service.
In general, a name should contain two components: distinctiveness and descriptiveness.
The 𝐃𝐢𝐬𝐭𝐢𝐧𝐜𝐭𝐢𝐯𝐞 element can't be a
common English word, it has to be unique or made-up words. For example, "Joseph Restaurant Inc". In this name 'Joseph ' is the 𝐝𝐢𝐬𝐭𝐢𝐧𝐜𝐭𝐢𝐯𝐞/𝐮𝐧𝐢𝐪𝐮𝐞𝐞𝐥𝐞𝐦𝐞𝐧𝐭.
While the 𝐃𝐞𝐬𝐜𝐫𝐢𝐩𝐭𝐢𝐯𝐞𝐞𝐥𝐞𝐦𝐞𝐧𝐭 can be common
English words. An example is "Joseph Restaurant ". 'Restaurant' is
the 𝐃𝐞𝐬𝐜𝐫𝐢𝐩𝐭𝐢𝐯𝐞𝐞𝐥𝐞𝐦𝐞𝐧𝐭.
A ONTARIO physical address is required to Register Corporation in ONTARIO,
where the government will send documents. If you do not have a physical address
in ONTARIO, you can use our Registered Address Service that includes mail
receiving and forwarding.
A ONTARIO physical address is required to Register Corporation in ONTARIO, where the government will send documents. If you do not have a physical address in ONTARIO, you can use our Registered Address Service that includes mail receiving and forwarding.
Note: If you want to add more than 5 directors, you may need to place a customized order. For now, you can place an order with these five directors, and afterward, give us a call to convert it into a customized order.
An incorporator is the responsible person for
organizing and incorporating a corporate entity. It is typically the head of
the organization. An incorporator may be a director or not. Once the filing is
complete the incorporator's function is usually finished. After that the
management of the corporation is performed by the directors.
If you are doing corporation on behalf of a
client, you may mention here their the name. This is for government's records.
We only contact the billing person that mention in our website form. We don't
contact your clients. You can write your details in the billing.
NOTE: Amendment of Articles in future is expensive and time consuming. Please choose correct Articles of incorporation for your corporation
Rights, privileges, restrictions and conditions (if any) attaching to each class of shares and directors' authority with respect to any class of shares which may be issued in series. If there is only one class of shares, enter "Not Applicable"
The issue, transfer or ownership of shares is/is not restricted and the restrictions (if any) are as follows. If none, enter "None"
Other provisions, if any. Enter other provisions, or if no other provisions enter “None”
Minute book is detail records & documents of an incorporated company’s structure and activities. According to corporation act Minute book is MANDATORY. It must be updated every year as part of the incorporation’s Annual Return to maintain its legal structure and include By-laws, Articles of Incorporation Any amendment, Resolutions and minutes, Shareholder and share transfer registers,Directors & Officers Registers, and notices that have been filed. If a business does not have them or keep them up to date, fined by the CRA as part of an audit. Banks might decline to give loans, and any potential future sale of their business or assets could be in jeopardy or face extensive and costly legitimate deferrals. This Minute book prepared by our legal and accounting teams.
If you skipped these sections,
you cannot add Corporation's officers, their designations (CEO, President,
etc.), share classes, share prices, shareholders' names, percentage of
ownership, and by-laws are part of the Minute book.
If you want to proceed,
click Next or Previous to add Minute Book.
What is Minute book and what are include in it?
Minute book is detail records & documents of an incorporated company’s structure and activities. According to corporation act Minute book is MANDATORY. It must be updated every year as part of the incorporation’s Annual Return to maintain its legal structure and include By-laws, Articles of Incorporation Any amendment, Resolutions and minutes, Shareholder and share transfer registers, Directors & Officers Registers, Notices that have been filed. If a business does not have them or keep them up to date, fined by the CRA as part of an audit. Banks might decline to give loans and any potential future sale of their business or assets could be in jeopardy or face extensive and costly legitimate deferrals. This Minute book prepared by our legal and accounting team
Note: If you want to add more than 5 shareholders, you may need to place a customized order. For now, you can place an order with these five shareholders and afterwards, give us a call to convert it into a customized order.
In Ontario , once a corporation is incorporated or continued under the Ontario Business Corporations Act (OBCA), it is required to file an initial return with the province. The initial return provides basic information about the corporation, such as its name, address, directors, and shareholders. This filing helps to establish the corporation's existence and provides important details for the public record.
Ontario Professional Corporation (PC) is a specific type of corporation that is established by professionals in regulated fields, such as doctors, dentists, lawyers, accountants, and other licensed professionals in Ontario, Canada. The purpose of creating a professional corporation is to provide these professionals with certain legal and financial advantages
Ontario nonprofit organization in Ontario, also known as a non-profit or not-for-profit organization, is a legal entity formed for purposes other than making a profit. It is established to pursue specific objectives or serve the public interest. Nonprofit organizations in Ontario operate in various sectors, including social services, education, healthcare, arts and culture, the environment, and more.
PREC stands for Personal Real Estate Corporation. In the context of real estate in Ontario, Canada, a PREC refers to a specific type of corporation that is established by real estate salespeople or brokers who are registered with the Real Estate Council of Ontario (RECO).
A business email address and domain help you create a professional image
and gives your business instant credibility. We are an agent of domain
registration, we can instantly reserve a domain for your company (example: www.companyname.ca or www.companyname.com.
If you do not reserve your domain today might be your competitors will reserve,
it and kick away you from competitions.
WhatisAnnualReturn (AR): AnnualReturn (AR) confirmsthecontinuingexistenceofthecorporation. YoumustfileAnnualReturn, so thatitcanremainactiveandincompliancewiththecorporatelaw. EverycorporationmustsubmitanannualreturneveryyeartoGovt. initsanniversarydate.
Share certificate
is written
document signed on behalf of a corporation that serves as the legal and
official proof of ownership of corporation. It's a highly recommended items if
you have more than one shareholder. You can customize your share certificate in
our website as per your need basis. Which could be used in future if you
Add any other person (such as spouse, child, friend) as shareholder. Some time
share certificates is required for many purposes, such as bank, contract and
agreement, and so on. For standard Share certificates, we will send blank share certificate, which you can add as per your requirement
What is Sharecertificatefolder and why you need?
When you issue share certificates they need to be protected and
secured. A Share certificate has great history behind it. Don’t lose your that history just by storing
your certificates in a box or in sleeves with plasticizers that will damage
your old share certificate.
Sometimes, replacing a share certificate is a complex process
in some cases, the company issuing shares may require a resolution confirming
the replacement of the certificate from the board of directors. Our Share Certificate
Folder will safe your share certificates storage and display.
What is Wafer sticker:
Wafer seal stickers are self-adhesive that are used to emboss the seal on
Share certificates or other important corporate documents securely without
glue.
Note:If you want to add more than 5 shareholders, you may need to place a customized order. For now, you can place order with these five shareholders and afterwards, give us a call to convert it into a customized order.
A holding company is primarily designed to own and manage other companies’ shares rather than produce goods or services. That means the holding company doesn’t directly create products or provide services. Instead, it acts like a parent company. It controls and manages the shares of its subsidiaries.
What’s the difference between a Holding Company and an Operating Company?
Holding Company: It Acts like a parent company. It owns and manages shares of other businesses (its children or subsidiaries). For instance, consider Ontario Holding Company as the investor who owns various companies, but itself does not produce goods and does not offer services directly. Operating Company: The Company creates goods or services for another company or creates goods or services completely on its own. Think of it in terms of the car manufacturing plant or the fast-food joints that serve people. It earns revenue and makes profits for the holding company (if exists).
Here’s a table summarizing the key differences:
Benefits of a holding Company?
Centralized Management: With centralized management, Holding companies can cut expenses and increase the efficiency of their operations, such as accounting, legal, and human resources. Simple Management: Holding Company manages and oversees multiple companies under one management like under one roof. That is why it’s simplifying processes such as reporting and record-keeping. Safer Assets: Holding company is typically formed to protect assets and make a central control of all subsidiaries. If one subsidiary faces financial trouble, It protects personal assets from liabilities. Parent holding company’s assets are generally not at risk If one subsidiary faces financial difficulties. Tax Benefits: Holding companies can reinvest profits into their subsidiaries rather than distributing them as dividends this way Holding companies can defer taxes. Estate Planning: Holding companies can be used to transfer ownership and control of assets of its subsidiary shares. It makes easier inheritance by transferring ownership Business Diversification: A holding company can lower overall risk and diversify its investments by holding shares in several subsidiaries.
Who can start an Ontario Holding Company?
Generally, anyone can start one if they are: A. At least 18 years old B. Have a Canadian address for the holding company C. If you have two or more businesses,
What do I need to incorporate an Ontario Holding Company?
Here are the main steps: Choose a unique Name for Company: Choose a name that is not already used in your business jurisdiction. The name must be complied Ontario’s Business Names Act. File Articles of Incorporation for Ontario Holding Company: Articles of Incorporation outline the Holding company’s main structure and purpose. Registered Office Address: A physical Registered address in Ontario is a must to incorporate a holding company in Ontario. Where legal documents can be served. Corporate Bylaws and Initial Resolutions:Bylaws are internal governance rules of a holding company, such as meetings, voting rights, and director roles. Initial Resolutions include appointing officers, issuing shares, and other initial decisions.
Do I need a lawyer to incorporate a holding company?
It’s not mandatory. Business Ontario Corporate Service Inc. can assist you in incorporating your Ontario Holding Company with our Corporate experts and legal counsel. They will ensure your Articles of Incorporation are accurate and compliant with legal requirements.
When should I consider a holding company?
If you own or plan to own multiple businesses, a holding company can simplify management, protect assets, and offer potential tax advantages. However, it’s best suited for those with the resources to manage the additional complexity.
What Activity and Type should I Write for Ontario Holding Company?
In this section, you should write your Ontario Holding Company’s main activity. And types means what your Ontario Holding Company will offer whether only services or products or both.
Do you need Bylaws and Minute Book for Ontario Holding Company?
A minute book is a detailed record & document of an incorporated company’s structure and activities. According to the Corporation Act Minute book is MANDATORY. If a Minute book is not selected, Officer, Share Price, and Shareholder cannot be added. If you want Business Ontario can prepare your Ontario Holding Company’s Bylaws & minutes book at a time under one order. You do not need to go somewhere else for this document.
How fast can I get my documents?
As an official intermediary, if you place an order for 1 hour, we can send you all Ontario Holding Company Documents in less than 1 hour.
What is Ontario Company Key?
Ontario Company Key is a unique identifier used by corporations in Ontario. It functions similarly to a password. It is required when a corporation wishes to file online future transactions. Every Ontario Holding Company must have an Ontario Company key for any kind of future update.
What is Initial Return in Ontario?
𝐈𝐧𝐢𝐭𝐢𝐚𝐥 𝐑𝐞𝐭𝐮𝐫𝐧 must be filed within 60 days of the corporation’s incorporation or continuation. Failure to file an initial Return within the specified timeframe may result in penalties (Corporation Dissolution) or other consequences. The initial return provides basic information about the corporation, such as its name, address, directors, and shareholders. An initial Return is not the same as a Tax Return. Both are completely different things. So, every Ontario Holding Company also must file it within the 60-day frame.
Why do you have to file your annual return:
Your corporation may be dissolved if it fails to file its Annual Return because it will be assumed that it is not operating. When your corporation is dissolved, you can no longer conduct business. Another example: if your business is dissolved and you have requested Bank loan it must be refused. Please note: Annual Return (AR) is not same as Annual Tax Return. Both are completely different things.
What are the requirements for becoming a director of Ontario Holding Company?
-Directors must be at least 18 years old. -Should not be bankrupt. -Mentally sound -Ontario Holding Company must have at least one director -There is no residency requirements to incorporate an Ontario Holding Company
