Archive | August, 2018

What is a Named Corporation?

A Named Corporation is a corporation that has had a name selected for it by its incorporator(s) and/or director(s). The name should ideally consist of three parts: distinctive descriptive legal ‘ABC Building Supplies Ltd.’ is an example of a corporation name that contains all 3 elements. Distinctive element A distinctive element is a unique word […]

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What is an Ontario Limited Partnership?

An Ontario limited partnership is a partnership governed by statute and any governing documents agreed to between the parties (limited partnership agreement). The Ontario Limited Partnerships Act states that a limited partnership must consist of at least one person who is a GENERAL partner and one person who is a LIMITED partner. And there can […]

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