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Online Business Registry is an official intermediary of Ontario and a registered member of Corporations Canada. We pride ourselves on our thorough and compliant review process, ensuring your business formation is precise and error-free.
🌟 Empowering Entrepreneurship
By opting for our company, you’re not just choosing a service—you’re embracing a hybrid approach that combines the best of both worlds. Enjoy the flexibility and control of a ‘do it yourself’ strategy, while also benefiting from the expertise and peace of mind that comes with professional assistance. It’s the perfect balance for the modern entrepreneur—affordable, comprehensive, and human-centered.
👥 Personalized Attention
Every client at Online Business Registry receives personalized attention. Our specialists treat your business with utmost care and professionalism, available to provide support via phone, live chat, or email. At the end of the day, your success is our business.
⚡ Super Express Service
Experience our super express incorporation services designed for fast processing. Our specialists work diligently to complete your filing within 2 business hours of order placement, delivering your incorporation documents in record time.
💲 Affordable Pricing
Understanding the financial challenges of new entrepreneurs, Online Business Registry offers an affordable pricing structure. We believe that cost should not be a barrier to your business aspirations, providing a cost-effective solution for your incorporation needs.
A Limited Liability Partnership (LLP) in Ontario is a type of business structure where each partner’s liability is limited to the amount they put into the business. This means that if the business is sued or goes bankrupt, the partners are only responsible for the debts up to the amount they invested in the business. Unlike a general partnership, where all partners are personally liable for the debts and obligations of the business, an LLP provides some protection to the partners’ personal assets.
Here are some key points to consider before deciding if an LLP is the correct business structure for you.
- It offers limited liability protection to its partners, similar to a corporation.
- The Partnerships Act allows certain professionals to work in limited liability partnerships, but only if their profession’s specific laws also allow it. This is generally for Lawyers and Accountants.
- The name of the partnership should end with either “limited liability partnership”, “société à responsabilité limitée”, or the abbreviations “LLP”, “L.L.P.”, or “s.r.l.”.
- While an LLP can be a great choice for some businesses, it’s important to consider the potential drawbacks, such as personal liability for each partner and potential conflicts between partners.
Before October 18, 2021, any unincorporated business registrations in Ontario, including Sole Proprietorships, Partnerships, and Trade Names, were issued a document known as a Master Business License. However, as of October 18, 2021, the Master Business License was phased out and replaced with a new set of documents:
- Business Name Registration For a Sole Proprietorship
- Business Name Registration For a Corporation
- Firm Name Registration For a General Partnership
- Declaration of an Ontario Limited Partnership
- Firm Name Registration for an Ontario Limited Liability Partnership
The federal corporate registry, Corporations Canada, doesn’t permit the federal registration of unincorporated businesses. Such businesses, including limited liability partnerships, can only be registered at the provincial or territorial level.
We can have your LLP registered in just 2 BUSINESS HOURS!
- Business Number: Once you’re registered, a business number from the CRA is created for your business. We can help you get this number through our service, which is available in all registration packages.
- CRA Program Accounts: The Canada Revenue Agency (CRA) has several program accounts that businesses may need to register for, depending on their specific operations. Here are the 4 major CRA program accounts related to unincorporated businesses:
- Goods and Services Tax/Harmonized Sales Tax (RT): This account is needed if your business collects GST/HST.
- Payroll Deductions (RP): If your business pays employees, you’ll need to register for this account.
- Import-Export (RM): If your business imports goods or services abroad, you’ll need this account.
- Import-Export (RX): If your business sells goods or services abroad, you’ll need this account.
- Additional Permits & Licences: After incorporating your business, you may need to obtain additional permits and licenses based on the nature of your operations. These are typically obtained through your local city hall or municipal office.
In Ontario, it’s mandatory for unincorporated businesses to renew their registration every five years. If they don’t renew within two months of the five-year anniversary, they’ll need to file a new registration.
Please see our packages for Business Registry By Non-Residents
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