The Quebec Business Registrar (REQ) is an essential tool for Quebec entrepreneurs. Whether you are starting a new business, managing an existing business, or planning structural changes, the REQ offers a range of essential services to support you. In this article, we will explore the different features of REQ and how they can benefit your business.
What is the Quebec Business Registrar?
The Quebec Business Registrar is a government entity that manages the registration and record keeping of businesses operating in Quebec. This includes sole proprietorships, partnerships, corporations, cooperatives and other forms of business.
Why register with the Quebec Business Registrar?
Importance of Legal Registration
Registration with the REQ is crucial for the legal recognition of your company, which allows you to benefit from legal protection and credibility with your customers and partners. It also facilitates access to certain banking services and government subsidies.
Benefits of Registration
- Protection of the Company Name : Registering your business name ensures its protection.
- Access to Public Contracts : Some opportunities require official registration.
- Increased Credibility : Being registered strengthens your position in the market.
Types of Registered Businesses
Individual business
Ideal for individual entrepreneurs wishing to simplify the management of their business.
Partnership
Includes general and limited partnerships. Perfect for companies formed by several partners.
Joint-stock
A separate legal entity, providing limited liability to shareholders. Suitable for businesses looking to raise capital.
Cooperatives
A member-owned business, often used in specific industries like agriculture and finance.
Registration of a New Business
Online Registration Process
- Access the REQ portal .
- Create a user account .
- Complete the registration form with the required information.
- Pay registration fees online.
- Receive confirmation of registration by email.
Registration Costs and Deadlines
Fees vary depending on the type of business and processing times may also vary, but REQ strives to provide fast and efficient services.
Changing Company Information
Types of Modifications
- Change of Head Office : Change of your company address.
- Change of Directors : Update of the company's directors.
- Change of Company Name : Changing the commercial name of your company.
Modification Process
Changes can be made online via the REQ portal. Fees may apply depending on the changes requested.
Filing of Annual Declarations
Importance of the Annual Deposit
Each registered business must file an annual return to update business information with the REQ. This filing is mandatory and ensures that the company's data remains up to date.
Deposit Procedure
- Access your REQ account .
- Complete the annual declaration form .
- Pay the annual fee .
- Submit the declaration online.
Dissolution of a Company
Reasons to Dissolve a Business
You may decide to close your business for a variety of reasons, such as retirement, a career change, or financial difficulties.
Dissolution Process
- Access the REQ portal .
- Complete the dissolution form .
- Pay dissolution fees .
- Receive confirmation of dissolution.
Research and Consultation of Company Data
Use of the Public Database
The REQ allows you to consult information on companies registered in Quebec. This can be useful for verifying the legitimacy of a business partner or for gaining information about competitors.
Access to Data
You can access the public database here .
Additional services
Compliance Alerts
The REQ offers notification services to ensure your business complies with all legal obligations.
Consultation of Legal Documents
Access to essential legal documents for running your business, such as articles of incorporation and internal regulations.
FAQs
What is the difference between a corporation and a partnership?
A corporation is a separate legal entity providing limited liability to shareholders, while a partnership is an association of two or more people who share in the profits and losses of the business.
What happens if I don't file my annual return?
Failure to file the annual declaration can result in fines and ultimately the removal of your company from the register.
How to access REQ online help?
The REQ website offers a section dedicated to help and practical guides for each type of approach. You can access it directly here .
Conclusion
The Quebec Business Registrar is an essential tool for any business operating in the province. From initial registration to ongoing management, including dissolution, the REQ offers essential services to support entrepreneurs. For more information and to access online services, visit the official REQ website .
Using the REQ effectively can not only ensure your company's legal compliance but also strengthen your position in the Quebec market. Take advantage of all the services available to simplify the management of your business and focus your efforts on growth and development.
