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 or location that makes your corporation name different from others.
In the example above, ‘ABC’ is the distinctive element.
Descriptive element
A descriptive element describes what the corporation does or what the corporation is.
In the example above, ‘Building Supplies’ is the descriptive element.
Legal element
All Alberta corporations are required to have a legal element at the end of their name.
In the example above, ‘Ltd.’ is the legal element.
Accepted legal elements
The following legal elements are permitted by the Business Corporations Act:
Limited
Limitee
Ltee
Ltd.
Corp.
Corporation
Inc.
Incorporated
Incorporee
ULC
Unlimited Liability Corporation
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