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Blog Posts (4)

  • How to Register Your New Business Name

    In Canada, Registrations have been made easy, accessible, and often more affordable than ever. Easily with services like OWNR, or consultants like us! When you incorporate or form a Corporation for your new business, the name is registered with your Country or Province. Before approving your application, the country or office checks that your name is distinguishable from all other business names registered in the jurisdiction (just in case you didn’t search yourself in step one). Once approved, the business name is yours, to use within that jurisdiction. Doing this protects anyone else from using your name within your jurisdiction but it doesn’t offer any kind of protection anywhere else most times. If you’re not planning on incorporating you can still register a business name using a DBA (Doing Business As), which is also known as a Fictitious Business Name. It’s the easiest type of registration and can be completed online with your province. If you’ve started a business that’s physically tied to your province -- such as a hair salon or a restaurant -- and have no plans to expand into other provinces, registering your name with that jurisdiction might be enough brand protection for you. However, if you’re planning to conduct business outside your own province (i.e. you sell a product or provide services to clients who live elsewhere), you should look into trademark protection. You’re not actually required by law to register a trademark. The use of a name instantly gives you common law rights as an owner, even without formal registration in Canada. However, as mentioned, trademark law is complex. Simply registering a DBA in your province doesn’t automatically grant you common law rights; in order to claim first use, the name has to be "trademarkable" and in use in commerce, etc. Registering a trademark offers a few advantages: Trademarks registered with the Government of Canada enjoy stronger protection. When you register a trademark, it’s easier for you to recover your properties -- for example, if someone happens to be using a close variation of your domain name or is using your company name as their Twitter. A trademark is a property -- it has value and can be sold as a corporate asset. To register your business name, you’ll need to file an application with Canada. You can expect to pay $330 per class in application fees that your mark would fall under if you do it yourself if you pay a lawyer it could cost substantially more. (Here at JTM United Corporation, we offer these services for $550.) Once you submit your application, the process can take a while. Sometimes anywhere from 6-12 months. It’s smart to perform a comprehensive trademark search before starting the application process. If your selected name is not available, your application will be denied. You’ll lose your application fee, not to mention any time invested in the application. What a waste of time. While the process of registering a trademark is more involved than registering a DBA, rights to your name will be enforced by both the federal and provincial governments. Take the Right Steps As you’re getting your company off the ground, make sure to take brand protection seriously. You’ve spent hours deciding the ideal name, and you’ll be spending even more time cultivating brand recognition and reach. Your name represents your brand and business, so take the right steps upfront to protect it. We offer comprehensive Business Management, check us out and contact us for more information. To register your business yourself, check out OWNR, Canadian services that allow for quick and easy incorporations. Get $300.00 back when you register with the owner and open an RBC Business Banking account Click here to learn more #Business #Registrations #Businessregistrations #Canadian #Canadianbusiness #Canadianbusinessregistrations #Registeryourbusiness #Registeryourbusinessincanada

  • Sole Proprietorships

    Before you start your business, it’s important to choose a Business Structure that fits your company and it's needs. The Business Structure you decide on has an affect on your tax rate, your ability to raise money, the amount of filing you need to do, and the liability you face. Most Canadian small business owners choose from the four major types of business structures: sole proprietorship, partnership, cooperative, and corporation. At first thought, you’re likely to choose a sole proprietorship, since it’s pretty easy to set up when compared to other structures. It's Also known as a sole trader, a sole proprietorship is the least complex business form for one person who owns and runs a company. Advantages of a Sole Proprietorship Registering your business comes with a lot of benefits, including: It’s simple and affordable Whether you want to start a hot dog stand, repair shop, or a tutoring business, a sole proprietorship is a pretty flexible choice for your business structure. With less paperwork, you only need to keep simple documentation for this business setup. You only need to fill out a simple government form to register a business name. You may also qualify for sole proprietorship tax deductions. Operating freedom and flexibility As long as your business remains small, a sole proprietorship is the most flexible business structure to change. You can make any change you want, including changing business policies and type of business, without much cost or hardship. Sole proprietorships also offer a higher degree of control and fast decision making opportunities. Straight forward banking Registering as a sole proprietor means that your banking processes become simplified. As a sole proprietor you can make and accept business payments straight from your bank account, plus you don’t have to go through the process of finding a business Chequing account. (Which in Canada, is actually pretty easy) Simplified Tax Reporting A sole proprietorship has a very simple tax reporting process. You don’t have to worry about filing any separate taxes for businesses. Sole proprietors have to fill out Form T2125 that includes reporting professional income as well as your expenses, and is usually just called a "Self-Employed Tax Return". Requirements for Sole Proprietorships in other Provinces Regulations for registering your sole proprietorship business vary, and taxes can vary from region to region. Check with your provincial and territorial government where you plan to run your business to learn about your obligations. You don’t have to register your business if you operate in Labrador and Newfoundland. Here’s what it takes to start a sole proprietorship in Canada’s other provinces: Alberta — If you choose to form a sole proprietorship while using your own name, you don’t need to register the business in Alberta. You will need to seek approval from the provincial Corporate Registry in Alberta if you operate a business under any other name. As a small business owner in Alberta, some of the taxes you pay to the Canada Revenue Agency (CRA) include excise taxes on fuel-inefficient vehicles, certain petroleum products, and automobile air conditioners, as well as excise duties on alcohol and tobacco products. Ontario — If you want to operate your sole proprietorship business in Ontario, you must first choose or create a business name, taking care not to include a legal ending in the name. Registration is not specifically required if you’re conducting the business under your personal name, though the province has a form that you must fill out and send back before starting out. You may also be required to register the business name when opening a business bank account as a sole proprietorship like a corporation would in Ontario, or when you require CRA tax accounts. With other names that are different from your personal name, you must create an account with Service Ontario. British Columbia — In British Columbia, you need to create a business name and conduct a name search to ensure that the name doesn’t exist. Once you get clearance for the name, the BC government requests for your full name, and nature and address of your business before assigning a registration number. If you operate a sole proprietorship under your personal name, you only need to register with the local authorities, not the BC Registrar, to obtain a business license. Quebec — The province of Quebec allows you to add details to your first and last name. If you’re operating your business under a name other than your personal name, you have 60 days after commencing operations to register your business. When registering a sole proprietorship in Quebec, you must fill out a Declaration of Registration Form and pay an application fee at the office of the Registraire des Entreprises (REQ) in Montréal (or Québec City). You must complete this form in English AND French. Our Conclusion If you want to increase profit margins, share losses, more easily access capital, and have financial control over a business that can live past your own life, then set up a corporation. As with a sole proprietorship, the steps to incorporate a business vary from region to region. Do you need help Registering and managing your business? We can help. Visit us at www.jtmunited.com/registrations or contact us at jtmunitedcorp@gmail.com

  • Different Types of Business Registrations and Why?

    Did you know? There are any types of Business Registrations in Canada. Each has their own Benefits and cons, and are all viable in certain situations and circumstances. Starting business can be daunting, especially for first time entrepreneurs. This is why we at JTM United Corporation offer these services at not only an affordable rate, but quick, effectively and transparently. When starting your business the first choice you'll make is what type of business structure is best fitted to your needs and requirements. There are four main types of business structures in Ontario, Canada. Types of Structures and their Pros and Cons Sole-Proprietorships and Partnerships, A sole-proprietorship or partnership is the easiest and most common way to start a business, but it does come with drawbacks, and all of the responsibility for the business’s success rests with you, the owners. Pros Quick Registry Lower cost of registry Receive all profits Make all decisions Cons Must renew every 5 years Personally Liable Business name not protected Taxed personally Essentially Sole proprietorships and partnerships are great for small ad even medium sized companies, with one owner that wishes to keep costs low and keep the profits. At the expense of higher taxes, less protections, all the liability. Businesses like: Small local stores, Individuals offering services, and partners looking to open one location are best for this. If you plan to open multiple locations, are a larger store, operate multiple businesses at once or are a team of services providers. You might be better off with a corporation or cooperation. Corporations A corporation is a legal entity sperate from its owner/operator. You can choose to incorporate federally or provincially and each option comes with its own Pros and Cons. Pros Limited personal liability Business name protection Can transfer ownership easier May qualify for lower tax rates Cons Require Annual filings and other corporate records More expensive May be required to prove residency or proof of citizenship Best for Large companies with multiple owners, or different types of owners. Commonly used for service providers and retail stores that operate or provider services in multiple locations. I you plan to leave money in your business instead of profiting directly, this may also be best for you as it will lower your tax rates. Co-operatives. A co-operative is a corporation that is organized and controlled by its members. It can be set up to operate for profit or as a not-for-profit. Just like a corporation, it can be registered provincially or federally and each option comes with own advantages and disadvantages. Pros Limited liability Profits distributed among members Your co-operative is democratically controlled (one member, one vote). Cons You will have to resolve conflict among members. Your decision making process might take longer. You will need all members to participate to succeed. Most commonly used for services providers like Accountants, Doctors, and Lawyers, but is also commonly used for Credit Unions, and Worker Unions. Ultimately, its up to you. The type of ownership determines the business registration you need to do. Registering a sole proprietorship or partnership is easier and cheaper than registering a corporation, but as you see from the pros and cons above, there can be huge reasons you would want to spend more time and expense when you are setting up your new business. The most common reason to incorporate a business rather than just setting up a sole proprietorship or partnership to start is the issue of liability; as sole proprietors are their businesses, legally, whatever debts or liabilities a business acquires are also the individual owner's. It's not the only reason that a corporation may be the best case. All businesses in Canada must register their business names in their respective provinces or territories except for sole proprietorships that use only the owner's legal name with no additions (Newfoundland and Labrador no sole proprietorships or partnerships need to register their names).

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  • Business Consultant | Register Your Business In Canada

    Message Us Call or Text Us JTM United Corporation logo. Business Registation and Incorporation, Website and Marketing Services and Management Company. Home Registrations Website Services Management Services Marketing Services Services Register Your Business Now to Take Advantage of 1 Free Month of Start-Up Consultation, Management Assistance. Start your new Business Fresh, Now! Registration / Incorporation Get Corporate Management 15% off Learn More Website Services Free Domain with 1-Year of Hosting Learn More Management Services 15% off for Current Clients Learn More Marketing Services $200 off your first Campaign Learn More Register your Canadian Business Now! Our Services at JTM United Corporation Register your Business Create a Website Market Your Brand Get Management JTM United Corporation is a Canadian-based online business consulting firm. We help individuals and companies register their Canadian business online, as well as provide Canadian information and resources to help your business succeed in Canada. We help you to answer the tough questions. Should I start my business? Where should I invest my money? What kind of business should I start? We are here to help get you started in the right direction. ​ Helping businesses since 2017 JTM United Corporation has helped register businesses in Canada from Sole proprietorships , Partnerships and Corporations . Start Up Consultations and beginning operations in a streamlined and successful manner. Though specializing in Start Up Consultations and Registrations - JTM United Corporation also helps start ups reduce costs by assisting in various aspects of the businesses day-to-day operations. Offering Start Up services from Registration / Incorporation , Website Design , Development and Management all the way to Marketing your Brand . ​ We also offer an array of links that will help you manage your own business in every situation. ​ About Us Information Coming soon. Start-up initiative involves Three (3) Initiatives created by JTM United Corporation to help business owners not only register their business but successfully Start-Up and begin operations. Get your head out of the books and prepare your business. Join our 3, 5, or 7 step Initiatives (Coming Soon) ​ All clients Incorporated with JTM United Corporation will be granted special discounts if they join the initiative! Contact us to learn more. JTM United Corporation is a Canadian-based online business consulting firm. We help individuals and companies register their Canadian business online, as well as provide Canadian information and resources to help your business succeed in Canada. ​ Because of this, we have create our "Start-Up Initiative" Programs. Three (3), Five (5) and/or Seven (7) step services with the goal of getting your Hobby, or Home-Business from a thought, to a reality. Registration, Business Structuring, Creating a Business Plan and Website, Dealing with Banks - Loans - Grants and Credit, Creating Operational Structures, Acquiring leases, employee's, Dealing with insurance. We have your back every step of the way with the tools and resources to ensure your businesses success. ​ ​ Start-Up Initiative Current Deals and Discounts ​ ​ Register your Canadian Federal Corporation Only $950 Price Change in Effect, get your incorporation NOW ​ ​ Basic Website Design $200 off regular price Ends September! ​ Starting a business but not sure about how Business Credit works? Check back to learn more while we add this content to our website! Credit Assistance Starting a business but not sure about how Business Credit works? Check back to learn more while we add this content to our website! Free Resources

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