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We pride ourselves on our thorough and compliant review process, ensuring your business formation is precise and error-free.
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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.
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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.
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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.
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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.
Ontario cooperatives are a type of business model where the organization is owned and run by its members. They operate based on democratic principles, where each member has an equal say in decision-making. They can serve various functions such as consumer services, producer services, community development, education, sustainability, and technology innovation. The specific use case for a cooperative depends on the needs and goals of its members. An example of a cooperative is MEC (Mountain Equipment Co-op). They are a retail cooperative that sells outdoor recreation gear and clothing exclusively to its members.
- Name Protection: Your specific cooperative name cannot be registered by other businesses, adding a layer of brand protection.
- Shared Liability: A cooperative is a separate legal entity from its members, sharing the liability among all members. Members are not individually liable for the cooperative’s debts.
- Perpetual Life: A cooperative can continue to exist beyond the lifespan of its founders; Membership can change hands.
- Attracting Members: Cooperatives are appealing due to shared ownership and democratic decision-making processes. Members are attracted by the benefits and services provided by the cooperative.
- Tax Advantages: Cooperatives often have access to tax advantages and may distribute surplus revenues (income over expenses and investment) to members on a proportional basis.
- Access to Capital: Cooperatives can raise capital through membership fees and member investment.
- Credibility: Incorporating as a cooperative can boost credibility in the eyes of partners and customers due to its democratic and ethical business model.
- Separate Credit Rating: Regardless of a member’s personal credit scores, cooperatives acquire their own credit rating, and may find it easier to obtain cooperative credit.
We can have your business incorporated in just 2 BUSINESS DAYS!
- Selecting a Cooperative Name: The name of your cooperative must be unique and distinguishable from other registered business names in Ontario. The proposed name must end with one of the following: Cooperative, Co-op, Co-operative, United, Pool, Coop, Coopérative. A NUANS report is necessary (available through our incorporation packages). If we find any issues with the proposed name we will guide you and suggest possible names that would be viable for the incorporation.
- Incorporators, Directors, Officers, and Members: During the incorporation process, you’ll need to identify the directors, officers, their respective roles, and the members of the cooperative. A minimum of one person is required to serve as an incorporator, director, and member, and it’s possible for a single individual to occupy all three positions. Officers are considered employees within the cooperative. Please note that cooperatives require a minimum of three directors to operate.
- Registered Office Address: Every cooperative is required to have a registered office address, which could be either a commercial or a residential location. If you do not have an accessible address in Ontario, our Address & Mail Forwarding Service is available for purchase (Only available for registration purposes).
- Initial Return Filing: All cooperatives in Ontario are required to submit their initial return within 60 days following their incorporation. If this return is not filed, the cooperative will be deemed non-compliant with the corporate registry. This non-compliance could lead to the government dissolving the cooperative. It’s crucial to ensure that all necessary paperwork is completed and submitted on time to maintain the cooperative’s good standing.
No, there are no residency requirements to incorporate in Ontario. Directors may be from other domestic or foreign jurisdictions. Incorporators must be individuals or other Ontario businesses.
Yes, we offer 3 types of post-incorporation and maintenance services. Click Here to read more.
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