Ownr: Simplified Business Registration
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Navigating the intricacies of registering and incorporating a business can be a daunting task for entrepreneurs. Ownr is a dynamic online tool designed to simplify this process across Canada.
As a division of RBC Ventures, Ownr benefits from its partnership with the esteemed Royal Bank of Canada (RBC), offering a platform that demystifies legal procedures and paves the way for the creation of a commercial entity.
This will also make it easier to sign up for corporate credit cards with various banks such as American Express, BMO, RBC, etc.
What is Ownr?
Ownr, founded in 2017, is a digital platform that offers an accessible solution for individuals and small business owners looking to register and incorporate their business.
Part of RBC Ventures, Ownr combines innovation with RBC’s credibility, bridging the gap between the digital world and the financial sector.
Ownr aims to empower entrepreneurs by simplifying the process of creating or incorporating a business.
Ownr's key features and benefits
Ownr – Pros
- Simplified registration: Ownr‘s intuitive interface guides users through the process of registering or incorporating a company, making it accessible even to those without legal expertise.
- Cost savings: Using Ownr offers significant savings over hiring legal professionals, making it an attractive option for budget-conscious entrepreneurs.
- Strategic partnerships: Collaborations with leading entities such as RBC, Google and Etsy enable users to benefit from exclusive discounts, offers and services in the areas of branding, marketing, finance and logistics.
- Cash back incentives: Open an RBC business bank account within 60 days of registering for Ownr and earn up to $300 in cash back.
- Educational resources: Ownr provides users with comprehensive guides and resources, enabling them to understand the intricacies of the incorporation process and effective business management.
- Security assurance: Ownr places paramount importance on data security, using robust encryption methods to protect personal and corporate information.
Ownr – Cons
- Lack of customization: While Ownr simplifies the process, further customization and tailored legal advice may require additional professional consultation.
- A changing landscape: As business regulations evolve, it’s essential to keep abreast of the latest legal requirements.
- Limited provincial coverage: While Ownr currently serves four provinces – British Columbia, Alberta, Ontario and Quebec – this limitation is worth noting for potential users in other provinces.
Ownr – Pricing Details
Here is a breakdown of the potential costs associated with the different registration options:
| Company structure | Registration method | Basic registration fee | Additional fees | Potential refund |
|---|---|---|---|---|
| Sole proprietorship | Ownr | $49 (including government processing fee) | – | $49 (if you open an RBC business bank account within 60 days) |
| Federal Constitution (Ontario only) | Ownr | From $199 + government processing fee | – | Up to $300 (if you open an RBC business bank account within 60 days) |
| Provincial constitution | Ownr | From $199 + government application fee | – | Up to $300 (if you open an RBC business bank account within 60 days) |
| Sole proprietorship | Self-registration | 39 $ | Additional legal fees | – |
| Federal Constitution | Self-registration | From $200 + $35 (NUANS name search fee) | Additional legal fees | – |
| Provincial constitution | Self-registration | $367 | Additional legal fees | – |
Ownr – Safety and Security
Ownr takes serious steps to protect your information. They use state-of-the-art security techniques, such as encrypting your data with a secret code that is virtually impossible to decipher, both during transfer and storage.
They also often scan their systems for potential vulnerabilities and ensure that only authorized users can access sensitive tools. By requiring two different forms of authentication, they ensure that only authorized people can use critical technologies, adding an extra layer of security. In addition, they train their employees in how to maintain security.
While these are excellent practices, it is advisable to review their policies and procedures before using their services to ensure that you are comfortable with their security measures.
Ownr – Benefits and Discounts
Ownr‘s strategic partnerships offer many advantages:
- Discounts on banking solutions with RBC: Up to $300 cash back when you open an RBC business bank account after signing up for Ownr.
- Xero discount: Benefit from a 50% discount on the first three months’ use of the Xero accounting platform for streamlined financial management.
- Moneris payment processing: Secure payment processing solutions with 24/7 support for smooth transactions.
- Tailor Brands discount: 50% off branding, logo and website design services.
- And more: Discover the benefits offered by eBay, Etsy, ShipStation, Jobber, Spocket, Telus, Staples and Geek Squad.
How to Register a Company With Ownr
- Visit the Ownr website: Go to Ownr to begin the registration process.
- Choose the business structure: Opt for a sole proprietorship or a company, depending on your business objectives.
- Enter company details: Enter essential information about the company, its contact details and type.
- Choose a company name: Choose a unique company name that complies with regulations.
- Complete the registration: Follow the steps forOwnr for owner and shareholder information.
- Pay registration fees: Pay the fees specified during the procedure.
- Review and send: Review details thoroughly before submitting.
- Get a NEQ number: After submission, obtain a business number from Quebec (NEQ) to identify your company if you reside in Quebec.
- Further steps: Depending on your business, obtain the necessary licenses and permits.
Bottom Line
In a nutshell, Ownr presents itself as a practical solution for simplifying the registration and incorporation of companies in Canada. The emphasis is on user-friendliness, cost-effectiveness and potential collaborations, Ownr enables budding entrepreneurs to efficiently navigate the world of business creation.
Although a more in-depth consultation may be required to obtain personalized legal advice, Ownr impresses with its flexibility and ongoing support. In a rapidly changing business landscape, Ownr offers a promising route for those embarking on business projects in Canada.
By registering with Ownr you can more easily apply for business credit cards and start earning rewards for your business. Indeed, American Express, BMO and RBC offer excellent products for business owners.
| Credit card | Annual fee | Welcome offer | |
|---|---|---|---|
| $799 | |||
| $0 | |||
| $0 | |||
| $0 |
Register a company with Ownr – Frequently Asked Questions
Is Ownr reliable for registering a business in Canada?
Yes, Ownr is a recognized platform used by over 200,000 entrepreneurs in Canada to register and manage their businesses. It offers automated tools, expert support and partnerships with reputable financial institutions such as RBC.
What documents do I need to register a company with Ownr?
To register a business via Ownr, you’ll need to provide basic business information (name, address, description of activities) as well as valid identification for owners and shareholders, such as a driver’s license or Canadian passport, depending on the province. Additional documents may be required depending on the type of business and province of registration
How much does it cost to register a sole proprietorship with Ownr?
Registering a sole proprietorship with Ownr costs $49 in the provinces where the platform is available (British Columbia, Alberta, Ontario and Quebec). Promotional offers, such as a refund of up to $300 on opening an RBC bank account, are also available.
Is Ownr available for all types of businesses and all Canadian provinces?
Ownr is primarily aimed at sole proprietors and small businesses wishing to register or incorporate in British Columbia, Alberta, Ontario and Quebec. The platform’s functionalities are designed to support businesses at different stages and adapt to different needs.
