Looking to Register your Business?
We can help you setup adequate organization structure based on your needs and help you acquire official registration with the federal and provincial government. At Profit & Loss Management we offer a wide variety of business registration services, including sole proprietorships, general partnerships, limited liability partnerships, and incorporation.
What is a Sole Proprietorship?
Sole proprietorships are unincorporated businesses owned by one person.
What is a General Partnership?
General partnerships are unincorporated businesses owned by two or more persons (called partners) who take an active role in managing the business.
What is a Limited Liability Partnership?
Limited Liability Partnership (LLP) is a flexible legal partnership that allows partners to benefit from economies of scale by working together while also reducing their liability for the actions of other partners.
What is a Corporation?
A corporation is a legal entity that is separate and distinct from its owners. As per the law, corporations possess many of the same rights and responsibilities as individuals such as enter into contracts, loans, borrow money, sue and be sued, hire employees, own assets, and pay taxes etc.
When should you register your Sole Proprietorship?
The name of a new business must be registered if it’s different than the business-owner’s legal name. The business registration is valid for 5 years. Then it must be renewed.
Looking to start a corporation or incorporate your existing business?
For first timers, incorporation process can be complicated that’s where we help small business owners to incorporate their businesses and avoid any possible mistakes/errors that could result in fines/penalties. Through our incorporation service we offer following the following:
- Name Search
- Obtain NUANS report & Name Reservation (required for incorporation)
- Provide Standard Articles of Incorporation
- Registration of corporation with the appropriate federal/provincial body based on your selection of Incorporating within the province or federally.
We realize that starting a business can be an quite time consuming and stressful process for many individuals. As a result, we focus on making our business registration and incorporation process as simple and cost-effective as possible so our clients can focus on their core business activities.
If you are looking to have one firm take care of accounting and tax needs then you have arrived at the right spot! We offer a special service which we call Outsourced Accountant through which we can take care of all the accounting, payroll, hst, consulting, personal tax, and corporate tax needs for you and your business! Curious if that is suitable for you? Click on the following link to find out more:
Looking to hire us?
Areas We Serve
Toronto
Mississauga
Oakville
Vaughan
Hamilton
Burlington
Richmond Hill