ESC Corporate Services
Encyclopedia
ESC Corporate Services
ESC Corporate Services (MGS PPSA AML CPSO previously Dye & Durham and Teranet is a private Ontario corporation that acts as a licensed government service provider under contract with the Ministry of Government Services
Ministry of Government Services (Ontario)
The Ministry of Government Services is responsible for the delivery and management of government operations. Its goal is to provide cost-effective services to all residents and businesses and to the Ontario Public Service. It replaced the former Management Board Secretariat and the former Ministry...

 (MGS). This company is best known amongst Canadian law firms and the business community as the direct link to the government whereby ESC Corporate Services acts as a facilitator of regulatory compliance by providing access government records and government's registration and filing services. The most widely-used government services facilitated by ESC Corporate Services include Incorporations
Incorporation (business)
Incorporation is the forming of a new corporation . The corporation may be a business, a non-profit organisation, sports club, or a government of a new city or town...

, PPSA searches and registrations, Security Searches and trade name
Trade name
A trade name, also known as a trading name or a business name, is the name which a business trades under for commercial purposes, although its registered, legal name, used for contracts and other formal situations, may be another....

 registrations.

General Information

ESC Corporate Services is a licensed service provider under contract with the MGS
Ministry of Government Services (Ontario)
The Ministry of Government Services is responsible for the delivery and management of government operations. Its goal is to provide cost-effective services to all residents and businesses and to the Ontario Public Service. It replaced the former Management Board Secretariat and the former Ministry...

. Licensed service providers under MGS contract have exclusive rights to facilitate access to government records and registration services Ontario and across Canada. As such, ESC Corporate Services is licensed to legally provide a variety of government services to the legal and business communities. The contract with the MGS
Ministry of Government Services (Ontario)
The Ministry of Government Services is responsible for the delivery and management of government operations. Its goal is to provide cost-effective services to all residents and businesses and to the Ontario Public Service. It replaced the former Management Board Secretariat and the former Ministry...

 does not prohibit the development of any proprietary and value added services that a Licensed Service Provider deems necessary in order to retain its market share and improve its operational and customer service quality.

Formation of ESC Corporate Services

ESC Corporate Services was originally founded as Dye & Durham], was established in Toronto
Toronto
Toronto is the provincial capital of Ontario and the largest city in Canada. It is located in Southern Ontario on the northwestern shore of Lake Ontario. A relatively modern city, Toronto's history dates back to the late-18th century, when its land was first purchased by the British monarchy from...

 in 1874. It adapted the name Dye & Durham in 1911. Dye & Durham is an organization that started out by selling legal forms primarily to the Ontario market, and soon progressed to a complete line of office products and, most recently, as a Search, Registration and Corporate Supplies division of Teranet. As a result of acquisition of Dye & Durham and Teranet, ESC Corporate Services was established in January 2010 and started providing government services to the public as a Licensed Service Provider under contract with the Government of Ontario. ESC Corporate Services' headquarters is located in a trendy King and Spadina area of Toronto, Ontario.

Government Services Facilitated by ESC Government Services

Its contract with MGS
Ministry of Government Services (Ontario)
The Ministry of Government Services is responsible for the delivery and management of government operations. Its goal is to provide cost-effective services to all residents and businesses and to the Ontario Public Service. It replaced the former Management Board Secretariat and the former Ministry...

 gives ESC exclusive right to facilitate access to the following government services for the legal and corporate community as a Licensed Service Provider:

Incorporation
Incorporation (business)
Incorporation is the forming of a new corporation . The corporation may be a business, a non-profit organisation, sports club, or a government of a new city or town...

: Provincial, Federal and nationwide filing of Articles of Incorporation, Amendment and Dissolution.

Registrations and Filings of Corporate trade name
Trade name
A trade name, also known as a trading name or a business name, is the name which a business trades under for commercial purposes, although its registered, legal name, used for contracts and other formal situations, may be another....

s, Small business
Small business
A small business is a business that is privately owned and operated, with a small number of employees and relatively low volume of sales. Small businesses are normally privately owned corporations, partnerships, or sole proprietorships...

, court documents and PPSA securities.

Government Database Searches which include ONBIS and Business Name searches, Corporate name searches and registrations via NUANS, PPSA and PPSA+ searches, Security searches, Real Estate searches and Birth/Death Certificate, Marriage Licence and MTO searches.

Anti-Money Laundering

Following the enactment on December 31, 2008 of the New Client Identity & Verification Requirements under By-Law 7.1 introduced by The Law Society of Upper Canada which required all financial institutions, lawyers and paralegals to verify their cilents' identity in attempts to prevent money laundering activities, ESC Corporate Services developed its "Know Your Client" service - a time efficient and cost effective way of verifying corporate entities as means to facilitating compliance with the Anti-Money Laundering Federal regulations.

On May 10 and 11, 2011, ESC exhibited at the 10th Annual Forum on Anti-Money Laundering hosted by The Canadian Institute in Toronto where the following subjects were covered:
  • Conducting inherent risk analysis
  • Anti-Money Laundering in trade finance
  • Anti-Money Laundering for mutual fund and portfolio managers and
  • Tax evasion as a new predicate offence

College of Physicians and Surgeons of Ontario

In order to facilitate compliance with the College of Physicians and Surgeons of Ontario's (CPSO) requirement for all physicians to submit their annual renewal based on the anniversary date of the Certificate of Authorization, ESC provides assistance to the members of medical community with completion of their Annual Renewal through providing the means for obtaining their Certificates of Status together with the Annual Renewal Application which are required by the CPSO in order to obtain their Certificate of Authorization.

Corporate Partners

ESC has partnered with the Government of Ontario
Government of Ontario
The Government of Ontario refers to the provincial government of the province of Ontario, Canada. Its powers and structure are set out in the Constitution Act, 1867....

and Loan Transact in order to develop a number of proprietory services offered to its legal and business customers throughout Canada.
The source of this article is wikipedia, the free encyclopedia.  The text of this article is licensed under the GFDL.
 
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