Product Info

Most businesses need to register with the provinces where they plan to do business.

A sole proprietorship, also known as Master Business Licence or MBL is registered with Service Ontario and is owned by one owner. It is the simplest form of business registration to start a business.

After the registration process you will receive a Master business license registration document issues by Service Ontario which will be sufficient to acquire City/Municipality permits & licenses, setup a bank account and to operate the business.

A sole proprietorship can generally conduct most types of businesses as well as the actions necessary to conduct the business, like entering into contracts and setting up a bank account to receive cheques and other types of payments & transactions necessary for running a business.

It is the right choice if you are a single owner business.

Other names:

  • MBL
  • Business name registration
  • Trade name registration
  • DBA

Checklist

Who can register:

  • Anyone can register a MBL.
  • Currently there is no citizenship or residency requirement

What is required to register a MBL:

  • An Ontario NUANS report for the MBL.
  • A physical address or street address in the Province of Ontario where the business is to be carried on.
  • Name and address of the business owner. This can be an individual or a corporation.

What you get

After registering the MBL, you will receive the following as pdf documents by email:

Articles Sample Docs
Master Business License
Sample Document
Business Number (if included)
Sample Document
Business seal (if included)
Sample Document
CRA Accounts: GST/HST, Payroll, Import-export (if included)
Sample Document
The Workplace Safety and Insurance Board (WSIB) registration (if included)
Sample Document

Timeline

For a MBL/ Sole Proprietorship , we have 3 processing queues:

  • Regular Queue: MBL can be ready in 5 business days.
  • Express Queue: MBL can be ready 1 business day.
  • Super-Express Queue: MBL can be ready 2 business HOURS.

FAQs

Is MBL/Sole Proprietorship registration right for you?
  • It depends on the purpose of the registration and needs of the individual involved
  • It the best option for a Self-Employed person operating a business in a small scale.
  • If you are self-employed and there is no need to separate personal assets from the business, then it the right form of registration.
What are the advantages of registering a MBL?
  • A MBL/sole proprietorship is a business that is owned by one person.
  • Easy to setup and start, least expensive to operate.
  • Easy tax filing process.
Can I enter into job contracts, sub-contracts and open a business bank account with this registration?

Yes.