When to register a business name in Nunavut
You must register a business name in Nunavut if:
- it’s different than the registrant’s own full name if the registrant is an individual
- your business is a corporation operating under a name other than its corporate name
- your business is a partnership carrying on business under a firm name other than the full names of all the partners
- your existing general partnership or limited partnership has a name that is different from the registered firm name
- your business is a limited liability partnership, extra-provincial limited liability partnership, or extra-provincial limited liability company
- your business name has expired and can no longer be renewed
The registration is effective for 5 years. Then it must be renewed.
It’s up to you to keep your registration up to date. This means renewing it before the end of the 5-year period, and knowing when you have to register again. You can renew a registration within 60 days after it expires.
To register a new business name in Nunavut you must:
First.
Verify the availability of your proposed business name. Once you’ve chosen a name, submit a name request application to the Nunavut companies office, they will check the availability of your business name and determine whether it is valid for registration.
Once the Nunavut companies office has processed your application for a business name reservation, you will receive confirmation of the availability of your proposed business name. Within 56 days, use this number to register your new business name with the Nunavut Companies Office.
Second.
File a Nunavut Business Name application with the Nunavut Corporate registries office.
Third:
Obtain your Nunavut Certificate of Business Name Registration.
What you’ll get
When you register your new business name in Nunavut, you’ll receive a Nunavut Certificate of Business Name Registration. You can use your certificate as proof of business name registration at financial institutions and in business transactions with the Nunavut government.
Nunavut Business Name Registration
Ecompanies Canada offers Nunavut business name registration for sole proprietorships for Only $39.99. Fast, Easy, Online.
If you are using a business name that differs from your full name, you need to register that business name. A sole proprietorship is an unincorporated business that is owned by one individual. It is the simplest kind of business structure. You may choose to register a business name or operate under your own name or both.
The owner of a sole proprietorship has sole responsibility for making decisions, receives all the profits, claims all losses, and does not have separate legal status from the business. If you are a sole proprietor, you also assume all the risks of the business. The risks extend even to your personal property and assets.
If you are a sole proprietor, you pay personal income tax on the net income generated by your business.
If you operate as an individual, just bill your customers or clients in your own name. If you operate under a registered business name, bill your clients and customers in the business’s name. If your business has a name other than your own, you’ll need a separate bank account to process cheques payable to your business.
A business name doesn’t have a legal existence in its own right. It’s simply a name used by one or more persons to represent their business to the public. That means the sole proprietor or partners are personally responsible for the debts and obligations of the business.
Registering a business name doesn’t grant any right of ownership of the name. It’s simply proof that the name is being used by a particular business.
Ecompanies Canada offers fast & easy Nunavut online sole proprietorship business name registration service. At ECompanies Canada we help you step-by-step and take care of the entire business registration process from start to finish. Registering a new business name in Nunavut with us is fast, easy and takes just minutes.
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