A Corporation name is not unique if it is different merely due to: the addition or deletion of punctuation marks or spaces, the insertion or removal of a year in the name, the addition or deletion of the word “company” or its abbreviation, the substitution of a word for its abbreviation or an abbreviation for […]
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 […]
What is a Numbered Corporation?
A Numbered Corporation is a corporation that has been assigned a number as a corporate name. The name of a Numbered Corporation will consist of three parts: An assigned number, i.e. 1111111. The word “A.B.” Your choice of legal element. The following legal elements are permitted by the Business Corporations Act: Limited Limitee Ltee Ltd. […]
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 […]