FAQ Part 1

Table of Contents

  1. Do I need a lawyer to incorporate?
  2. My corporation is just a small business. Do I have to create a share structure or issue shares ?
  3. Is there any information available to help me pre-screen my proposed name before I have a NUANS search done ?
  4. How do I change the name of my corporation?

Q1. Do I need lawyer to incorporate?

You can either use a lawyer to set up your corporation or you can do it on your own. The proper choice for each person depends on the individual, their experience, and degree of comfort with doing it on their own. It also depends on the complexity of the corporation. If you prefer to do it yourself, we have an Ontario Incorporation Package and a Federal Incorporation Package to assist you. These No-Hassle™ incorporation packages also save you money over buying the individual items.

Q2. My corporation is just a small business. Do I have to create a share structure or issue shares?

Yes, all corporations must have shares. A corporation is owned by, and profits flow to its shareholders, even if there is only one shareholder. This is one of the major differences between a business operated as a corporation and one operated as a sole proprietorship.

Q3. Is there any information available to help me pre-screen my proposed name before having a NUANS search done?

You can check your proposed name in the Canada411 Telephone Directory. An entry which is virtually identical to the proposed name should alert you to a potential conflict. However, this is not necessarily an indication that the proposed name will not be available, since the likelihood of confusion depends on many factors which are specific to the particular circumstances.

It should be realized that any pre-screening approach may not be helpful, particularly for a federal incorporation. The NUANS database may identify additional businesses which are small or operate on a part-time basis, and thus do not have a telephone listing. In determining the availability of the proposed name, the Federal government gives all existing businesses equal weight. In addition, for any type of pre-screening to have any chance of being successful, all phonetic and other variations of the name, as well as names with similar concepts, must be checked, since the NUANS computer will check these. The other difficulty with any pre-screening process is that the source information is not current, whereas the NUANS computer is updated regularly, with the addition of approximately 10,000 names each month. Learn about us. 

Q4. How do I change the name of my corporation?

The process is the same, whether you want to give your numbered corporation a name, or modify the existing name of your corporation. You must file Articles of Amendment, together with the corresponding NUANS name search. This search and name reservation is valid for a period of 90 days.

Part 2.