A Professional Corporation is another type of Named Corporation, where the corporation is specifically formed for one of the following types of professions: medicine, optometry, dentistry, law, chiropractic, or accounting. A Professional Corporation’s name should have the name of the practitioner, followed by the term ‘Professional Corporation’, i.e. Sam Jones Professional Corporation. Alternatively, you can […]
What difference must exist for a name to be unique?
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 […]
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?
By ecompanies on August 2, 2018 in Canada Startup, Corporate Registry Canada, Doing Business in Canada, Doing Business in Ontario, Limited Partnerships, Ontario Limited Partnerships
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 […]
Formation of limited partnership in Ontario
By ecompanies on July 28, 2018 in Corporate Registry Canada, Doing Business in Canada, Doing Business in Ontario, Limited Partnerships
An Ontario limited partnership is formed when a declaration is filed with the Ontario Corporate Registry office in accordance with the Ontario Limited Partnership Act. A declaration shall be signed by all of the general partners desiring to form a limited partnership and shall state the prescribed information. Advantages of Ontario Limited Partnerships Ontario Limited […]
8 Awesome Techniques to Improve Your Small Business Revenue with Apps
Recent research from app analytics platform App Annie found that there are nearly 3,000 apps making at least $1 million in revenue per year. That represents significant growth from past years, suggesting that apps are becoming an increasingly viable source of significant revenue for businesses. If you’re looking to make use of this emerging tactic, […]
The #1 Reason Small Businesses Fail – And How to Avoid It
Cash flow problems is the number one reason Canadian small businesses fail. They take out more small businesses than any other factor. In fact, 82% of small businesses fail due to cash flow problems. Here we share five tips to a void cash flow problems in your Canadian business. 1. Develop a minimum viable budget. […]
How to Be a Successful Tech Entrepreneur in Canada
Here are 10 tips that came out of Go North that every tech entrepreneur might want to take to heart. 1. It’s all about talent Seriously. Hiring and keeping the best in talent is the single most important thing you can do for your company. And some words of wisdom: Hire for potential over experience, […]
15 Things That Can Help an Entrepreneur Stay Focused
Success starts with personal ambitions and working smartly to achieve them. As an entrepreneur, being prone to distractions is something I can’t help. However, keeping in mind what made me start the journey and the far I’ve come keeps me in check to stay focused. Moreover, some things make it easier for me to stay […]