Looking to Renew Your Business Name Registration in Ontario?
A business name registration (Master Business Licence) must be renewed every five years. The Ontario Government does not send out reminder notices for registration renewal.
Renewing your registration is your responsibility. If your business name or business ownership changes at any time, you must re-register your business name and pay new registration fee.
Learn about business renewal.
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I’m ready to renew my business.I want to go directly to the order form. (You will be directed to our secure server for submission) |
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Learn About Renewing Your Business Master Licence
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What do you need to renew your business?
To properly renew your business you need to have the original registration certificate. The information from the original certificate has to be entered on the renewal application form. If you lost your original certificate, you will need to request a Business Name Report that will contain the required information.
If you changed your address since the original registration, you can provide your new address on the form.
When can you start the renewal process?
It would be advisable to start the renewal process about 2 months before the expiry date. Please note that your registration cannot be renewed more than sixty days after expiry. After this time period has expired, a new registration must be obtained.
You can order a new registration here.
What is the cost of business renewal?
The cost of renewing a Sole Proprietorship, Partnership or a Trade Name for 5 years is the same. It is $135.00 plus applicable taxes.
What to expect after filing the renewal request?
Once you submit your request for business name renewal, we will process it within a few business days. The renewal certificate will be mailed to your address directly from Ontario government.
Have you considered incorporating your business?
There are many advantages in operating your business as a corporation. A corporation is unique in that it is a distinct legal entity separate from that of the people who own its shares.
Advantages:
1. Limited personal risk. The
greatest advantage of incorporation is the limited liability
that it confers on shareholders with respect to debts,
obligations and liabilities of the corporation.
2. Ability to raise capital. The
ability to issue various classes of shares with preferences
as to dividends, redemption or convertibility and to
utilize bonds or debentures greatly enhances a corporations
ability to obtain funds for expansion or development.
3. Possible tax advantages. Small
Canadian controlled private corporations are taxed at
approximately half the regular rate on the first $500,000
of active business income in each year. A corporation
also has additional tax planning and income splitting
arrangements available.
4. Continuous existence & Ownership
is transferable. The
death or withdrawal of a shareholder does not affect
the existence of the corporation, which enjoys perpetual
succession.
Disadvantages:
1. More closely regulated.
2. More expensive form to organize.
3. More record keeping is necessary.
Need more information? Contact us today.
Renew Your Business Now
Congratulations! You are now ready to renew your business. Simply select the appropriate link below to be redirected to the application form.
- Renew my Sole Proprietorship in Ontario
- Renew my Partnership in Ontario
- Renew a Trade Name for Ontario Corporation
- Incorporate my business in Ontario
You will be directed to our secure server for submitting your
application.