Venn, a Toronto-based financial platform for Canadian businesses, has launched an online incorporation product allowing Ontario entrepreneurs to incorporate federally or provincially for free. Traditionally costing up to $300 and requiring multiple steps, incorporation can now be completed in minutes while simultaneously opening a Venn business account.
Customers who fund their account within 30 days receive up to $350, effectively eliminating costs and providing startup capital. Co-founder Ahmed Shafik said Venn aims to support the next generation of entrepreneurs. The launch marks the first time Ontario business owners can incorporate online without fees.
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