How do I register my business in Quebec?

Registering a business in Quebec: Everything you need to know

When you start a business, one of the first essential steps is to register it with the Quebec Registraire des entreprises (REQ). Sometimes, self-employed individuals do not register their business immediately, preferring to include their business income and expenses on their personal tax return.

However, it quickly becomes necessary to move on to the next step, which is registering the business. This process is relatively simple to complete. To make things easier, here’s everything you need to know about registering a business in Quebec.

Why should you register your business?

One of the main purposes of the Act respecting the legal publicity of enterprises is to consolidate information

a Québec enterprise number (NEQ)

Who is responsible for registering the business?

According to the REQ, most businesses and individuals engaged in commercial activities in Quebec must file an application for business registration. This includes, in particular:

businesses incorporated in Quebec that have already filed the initial declaration of a legal person with the enterprise register

How do I register a business in Quebec?

There are different ways to register a business in Quebec, depending on its legal structure. The following business registration services are available:

What information and documents are required to register a business?

It’s essential to provide various basic details and documents to register a business. Although this information may vary slightly depending on the type of business, it’s generally the same:

What are the fees for filing a registration application based on the business’s legal structure?

The fees for filing a registration application vary depending on the business’s legal structure.

non-profit legal persons

It’s also worth noting that registered businesses must pay annual registration fees to the REQ.

What are the legal requirements for registering a business?

the newly registered business

Annual update:

registered businesses must file an annual updating declaration

If the update is made after the specified period, a penalty will be imposed.

However, there is an exception for registered legal entities and sole proprietorships. They can file their annual update at the same time as their T2 corporate income tax return. If all the information is accurate, simply check the box on line 39 of Form CO-17.

Current update:

If any changes occur after the annual update, the business must file a current update. Registered companies are required to report any changes within 30 days.

Rules for choosing a name for a new business:

When filing for registration, businesses must choose a name for their establishment. However, this name must comply with certain rules and standards established by the REQ.

Types of names:

There are two types of business names in Quebec: the corporate name and the alternative name.

while the alternative name (or trade name)

Compliance with French language requirements:

This is a legal requirement for forming a corporation.

A business name can consist of several parts:

Use of a trademark in a language other than French:

It is possible to register a trademark in a foreign language in the registry as an “alternative name” for your business, subject to certain conditions. This name must be used to conduct your business in Quebec. Otherwise, it must be used in connection with the holding of a real property interest (other than a mortgage or lien).

Domain Names and Email Addresses:

An email address cannot be used as a corporate name or an alternative name for a business.

How can I make sure I register my business correctly?

work with accountants who can help you properly assess your situation

So don’t hesitate to contact us if you’d like to find an accountant who understands your unique business situation and can guide you through this process. https://www.bankeo.ca/