Other Business Types
Professional Corporation
- Designed for regulated professionals in Ontario
- Suitable for doctors, lawyers, accountants, and engineers.
- Articles prepared in line with governing body requirements.
- All documents ready for immediate use upon registration.
- 2-hours fast registration available.
Personal Real Estate Corporation
- Built specifically for licensed real estate professionals in Ontario.
- Separates business income from personal income for smarter tax planning.
- Must be owned and controlled by a registered real estate agent.
- Fully compliant with RECO and Ontario regulations.
- All documents prepared and ready for brokerage submission.
- 1-hour fast registration available.
Limited Partnership
- Consists of at least one general partner and one or more limited partners
- Limited partners are only liable up to the amount they have invested.
- Ideal for investment groups and structured business ventures.
- Registered under the Limited Partnership Act for full legal recognition.
- Available as a provincial registration only.
Limited Liability Partnership
- Provides liability protection for each partner.
- Partners are shielded from the debts and actions of other partners.
- Registered under the Limited Partnerships Act.
- Regulated by provincial law across Canada.
- It is commonly used by professionals such as lawyers, accountants, and consultants.
Holding Company
- 30-minute fast registration available.
- Designed to hold shares and protect your business assets.
- Can own multiple subsidiaries under one legal structure.
- Flexible setup built for long-term asset management.
- All documents prepared and ready for banking and investment use.
Master Business License
- Legally operate under a registered business name anywhere in Ontario.
- Required for sole proprietors and partnerships using a trade name
- Registration is valid for 5 years before renewal is required.
- Receive an official certificate ready for business, banking, and compliance use.
- 2-hour fast registration available.
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Frequently Asked Questions
Find out why Biz-O leads the way in our industry. Check out our FAQs to see why we’re your top choice for all your needs.
What is a Master Business License and who needs it?
A Master Business License is required for sole proprietors and partnerships operating under a trade name. If you are doing business under any name other than your own legal name, you must Apply for a Master Business License Ontario before you can legally operate. It is valid for five years and accepted for banking, compliance, and business use across Ontario.
How do I Apply for a Master Business License Ontario online?
You can complete your Ontario Business Name Registration online by submitting your business name, address, and owner details to the provincial registry. At Biz Ontario, we handle the entire Master Business License online application for you, with registration available in as little as 2 hours.
What is a Professional Corporation and who can set one up?
A Professional Corporation is designed for regulated professionals such as doctors, lawyers, and accountants. To Incorporate a Professional Corporation Ontario, your articles must comply with your governing body’s specific rules and regulatory requirements, whether you are setting up a Professional Corporation for Doctors or Lawyers in Ontario.
How do I Register a Professional Corporation Ontario?
- To Register a Professional Corporation Ontario, you need customized articles of incorporation, name approval from your regulatory body, and a provincial submission. Biz Ontario handles everything from start to finish, making Professional Corporation Canada registration simple, accurate, and fast.
What is a Personal Real Estate Corporation and how does it benefit realtors?
A Personal Real Estate Corporation in Ontario allows licensed realtors to receive commission income through their corporation, creating significant tax advantages by separating business and personal income. PREC for Realtors Ontario must comply with RECO regulations and is available only to registered real estate agents.
How do I Incorporate a Personal Real Estate Corporation Ontario?
To incorporate a Personal Real Estate Corporation in Ontario, you need RECO-compliant articles of incorporation and brokerage approval. Biz Ontario prepares all your PREC Ontario incorporation documents quickly and accurately, with registration completed in as little as 1 hour.
What is the difference between a Limited Partnership and a Limited Liability Partnership in Ontario?
A Limited Partnership Ontario has general partners who manage the business and limited partners whose liability is restricted to their investment. A Limited Liability Partnership Ontario protects all partners from each other’s liabilities and is available only to certain professions such as lawyers and accountants.
When should I Start a Limited Partnership Ontario?
You should Start a Limited Partnership Ontario if you are setting up an investment group or structured business where some partners want to invest without taking on full liability. Register a Limited Partnership Ontario when you need a flexible structure that attracts investors while keeping management in the hands of the general partner.
What is a Holding Company and when should I Incorporate one in Ontario?
A Holding Company Ontario is set up to own shares in other companies, protect assets, and support long-term tax planning. Incorporate a Holding Company in Ontario if you own multiple businesses, want to separate personal assets from business risks, or are planning for tax-efficient wealth transfer.
What is a Cooperative and how do I Register one in Ontario?
A Cooperative with Share Capital in Ontario is owned and controlled equally by its members, with profits shared based on participation. Co-op Business Registration in Ontario suits community-driven businesses or any venture where equal ownership matters. Biz Ontario handles your complete Register Cooperative Ontario process from document preparation to final submission, making it smooth and straightforward.
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