Register Your Business

Are you looking to start a business in Lambton Shores? The first step is to register your business with the Ontario or Canadian government. When registering, you must declare what legal structure your business is. 

Types of Legal Business Structures

Sole Proprietorship
A sole proprietorship is an unincorporated business with one individual owner. The individual is personally responsible for the debts of the sole proprietorship. It is the simplest business type to form. 
Partnership
There are various types of partnerships that you can form. A general partnership is an unincorporated business between two or more owners. Owners can be individuals, unincorporated or incorporated businesses. Other types of partnerships are Limited Partnerships and Limited Liability Partnerships which are subject to the Limited Partnerships Act and may offer more legal protection over personal assets.  
Corporation

A corporation is an incorporated entity with its own rights and responsibilities under Provincial and Federal law. A corporation is owned based on percentages of ownership (shares) by shareholders. A corporation is managed by directors that are chosen by the shareholders. Owners of a corporation are not personally responsible for the debts of the business.

Your corporation can be registered provincially or federally. If you register as a Canadian corporation, you must still register your business in each province that you do business in. This can be done at time of incorporation. 

The following links are provided to help further your research:

If you have a question or would like to talk through your options, contact our partners at Sarnia-Lambton Economic Partnership and set up an appointment to speak with one of their business consultants. 

Registering Your Business Name

You may be required to register your business name through the Province of Ontario.  For information on registering your business name, please visit the Service Ontario website.

 

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