The most common form of legal entity for businesses is a corporation. Most foreign businesses operating in Canada adopt a corporate form. A corporation is a legal entity that is separate and distinct from the shareholders who contribute to the corporation’s capital.While there are exceptions, generally shareholders are not responsible for the debts, liabilities or […]
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Doing Business in Canada: Branch or Subsidiary
One of the threshold issues for a foreign entity wishing to establish a business in Canada is whether that business should be carried on directly, as a branch of the foreign entity, or should be created as a separate Canadian business organization, such as a subsidiary corporation (with either limited liability or, in some provinces, […]
Doing Business in Canada Advantages
Are you a non-Canadian who has an established business in your own country and would like to start a business in Canada? Or are you a non-Canadian who would like to open a company in Canada? Below we share 11 benefits of do business in Canada. 1. An abundance of seed capital Seed capital is […]
US companies Doing Business in Canada
Are you doing business in Canada or have plans to expand to Canada? A U.S company carrying on business in Canada is required to register extra provincially in each Canadian province or territory where it intends to do business. Every extra-provincial corporation must register under the Business Corporations Act within (30) days after it begins […]
Address of Principal Place of Business in Ontario
Address of Principal Place of Business in Ontario: The principal place of business field is found on the Form 1, under the Business Names Act It refers to the physical address of the business and therefore, a post office box is not an acceptable address. If there is more than one place of business in […]
Definition of Business Address in Ontario
Business Address in Ontario: The business address field is found on the Form 2, under the Business Names Act. It refers to the physical address of the business and therefore, a post office box is not an acceptable address. If the business address is not located in Ontario, the words “Not Applicable” can be entered […]
Definition of Registered Office in Ontario
Registered Office in Ontario: According to the Ontario Business Corporations Act, “registered office” means the office of a corporation located at the address specified in its articles or in the notice most recently filed with the Central Production and Verification Services Branch by the corporation. The corporation’s registered office must be located in Ontario at […]
Extra–provincial domestic corporations and unincorporated businesses that want to do business in Ontario
If an extra–provincial domestic corporation wishes to operate in Ontario, the corporation must file an Initial Return/Notice of Change, Form 2 under the Corporations Information Act with the Central Production and Verification Services Branch, Ministry of Government and Consumer Services. You must include a photocopy of the page or pages of the most recent articles […]
What are the benefits of Incorporating in Canada?
The primary advantage of incorporating a new company in Canada is to limit your liability to the assets of the corporation only. Usually, shareholders are not liable for the debts or obligations of the corporation. So if your corporation defaults on a loan, unless you haven’t personally signed for it, your personal assets won’t be […]
General Features of Ontario Limited Partnerships
An Ontario limited partnership is a form of general partnership, which is one of three ways of organizing a business in Ontario. There are four characteristics that distinguish a limited partnership from a general partnership: It is operated by a single general partner with unlimited liability, supported by other “limited partners.” The single general partner […]
