Unlock the Power of eSignature Legitimateness for Business Letter in Canada

How to eSign a document: eSignature legitimateness for Business Letter in Canada

hi everybody Eugene Canadian business enterprise services CBS again our website .moocchile.com some of you and that's what's the difference between named and numbered company and and what number company is so in Canada is an opposite to to many other places in this world you can literally register company without a name this option is open to anyone not complicated actually simplifies the process and saves you some money so when you decide how to name your company and you have no name or you don't want to use a name or you want to use many names and you don't want to be limited to one name which is odd but still valid reason you might want to register company as a number that is actually the default option in the registration system what federal and provincial and lookout video before I talked about it alright so named numbered company sorry it is very simple you don't need to do any prior steps you just go directly to incorporation provide corporate information directors address and the system generates you a random number and the company would have a name one two three four five six seven Ontario Inc or one two three four five seven Canada Inc I don't have any preferences so Sam would decide to do number and you still can register name by the way in Ontario there's a master business license system that allows you to register a name under existing corporation what person we talked about it in the sole proprietorship video that you can search you Bob and cost $60 provides your registration for five years pay attention it expires so if you really don't have name and you cannot come up with one you can register a number company if you on the other side want to do named company that requires one additional step and it could be sometimes complicated so that step is nuanced search and the specific surgeon system that provides a comprehensive comparison of your name to existing companies and trademarks registered in Canada and shows you whether you create confusion or in a very simple ways if you steal somebody's name again look our previous video federal versus provincial somehow for unknown reason in the federal system you get new in search for thirteen dollars in turbulence and provincial you'll get it for fifty dollars Intendant why I don't know but that's the system and that step is required to make sure that your name is unique once you've registered your name and you got the nuance search you can proceed to incorporation and instead of choosing the numbered company you choose named company provide the name number of non search and move on simple now what else can I give you and we spoke about it in our previous video about provincial versus federal corporation name gives a very very basic protection and I don't want to fool you and I don't to miss Lydia and actually want to warn you it doesn't protect him okay if if you register the company named Apple Inc and you did nothing else it technically will not prevent me from using Apple Inc name but I think maybe but for my product corporate name does not allow other people to register company with the same name but it does not protect you as trademark does and we'll talk about it later on in one of our videos follow us but it gives you certain confidence that the name is registered under your company you can use it you can use it with the banks you can use it when you work when you introduce yourself to clients so it's important think about the name like with the child that name might go with this company for many many years for and you want it to be something that you confident that you in peace with that you will be using for many years to come so the differences minor one step in the registration fifty of thirteen dollars and some basic protection if you have a name better do it don't leave it to a chance in the future if you don't have a name to the number so I hope that clarifies a little bit the picture feel free to ask your questions in the comment section below follow us subscribe if you have some particular questions so you would like to have a little bit more detailed information I would suggest to send the email through my website .cpsc.gov and I'll see you soon with our next video we'll talk more about corporation and developing your business thank you for being with us see you soon