Incorporation Guide: Numbered corporation and corporation registered address
Numbered Corporation
Most individuals choose to name their corporation; however, in some circumstances where a name is not purposeful to a corporation, a numbered company is a less expensive option. Numbered companies are typically established as holding corporations, franchisee structures or rental property ownership as examples. The Province provides the numbers to the incorporation, and you provide the legal ending, such as Ontario Inc.
Corporations Registered Address
When you are incorporated in Ontario, the corporation must have a registered office address within the Province of Ontario. The registered address is important as it is the Provincial and Federal government’s contact address, including CRA. Business owners will often use their home addresses, if they do not have a separate physical location for the business. However, it is important to note that the corporate information is public information for a fee. An alternative to using a personal address may be to request either your lawyer or accountant’s office be used for this purpose. Usually, there is a yearly fee, but it’s not substantial. Since this office address will be considered the corporate address, we don’t recommend using any third-party companies such as a MAILBOX store. Not only is the registered address where corporate and tax information will be delivered, it is also where any legal actions taken against the corporation will be sent, this address will be the address for service.
For more details, talk to Asifa Baig , + 1 6476382755 GenNext CPA or push an email to asifa@gennextaccountants.com
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