1. Using the Service Ontario (Services for Businesses website) https://www.ontario.ca/page/business-services answer the following:

When do you need to register your business name and how often does it need to be renewed (Go to "Register a Business Name")

Answer: (2 marks)

2. Using the following websites

http://www.bdc-canada.com/BDC/services/Business_Number_%20Account.htm

http://www.cra-arc.gc.ca/bn/

What is the difference between a business number (BN) and a business identification number (BIN)

Answer: (2 marks)

and when do I need a BN (hint: what are the most common program accounts)?

(http://www.cra-arc.gc.ca/bn/)

Answer: (2 marks)

As a business owner when do I need to register for and collect GST/HST?

Answer: (2 mark)

3. Find the London Small Business Centre website.

What is the website URL?

Answer: (1 mark)

What are three (different) events happening in May 2022?

Answer: (3 marks)

4. Using Industry Canada's - Corporations Canada website

https://www.ic.gc.ca/eic/site/icgc.nsf/eng/h_07044.html#p2

Can all corporations have a numbered name? Explain:

Answer: (2 marks)

With regard to naming your corporation, list the mandatory terms by business type and give a real life (everyday) example.

Business Corporation (2 marks)

Mandatory Terms:

Real Life Example:

Not-for-profit (2 marks)

Mandatory Terms:

Real Life Example:

Cooperative (2 marks)

Mandatory Terms:

Real Life Example: