Corporate Services
Here at Registry West we can help with many of your business needs
Forming a “Limited” Corporation
The word “limited” at the end of a Canadian corporation’s name implies that liability of the corporation’s shareholders is limited to the money they paid to buy the shares. By contrast, ownership by sole proprietor or partnership carries unlimited personal legal responsibility for debts incurred by the business.How is a limited corporation formed?
To form a limited corporation, you must provide a corporate name and address, describe the structure and identify the type of corporation and provide director information. The following information is provided to assist you in this process.Corporate Names
There are different types of names. You can have a “named” name, such as ABC Holdings Ltd., or a “numbered” name, such as 1234567 Alberta Ltd.“Named” Names
A “named” name should consist of three parts, or elements. The first part is usually the distinctive element. In the example, “ABC Building Supplies Ltd.”, the distinctive element is “ABC”. This part should set your name apart from other names, making it easy to remember. The second part describes what the corporation does or is.In our example, “Building Supplies” is the descriptive element. The third part is the legal element – our legal element in this case is “Ltd.” There are other legal elements, one of which must be in your corporation’s name.Accepted legal elements are:- Limited
- Limitee
- Ltee
- Ltd.
- Corp.
- Corporation
- Inc.
- Incorporated
- Incorporee
- ULC
- Unlimited Liability Corporation
- Professional Corporation
- Law
- Medicine
- Dentistry
- Optometry
- Chiropractic
- Chartered Accountant
- Certified Management Accountant
- Certified General Accountant