Named Company VS Numbered Company in Canada: What are the Main Differences?
There are many choices when forming a business in Canada , and one of the most significant decisions you will make is whether to create a named company or a numbered company. Even though both types of companies are treated equally in terms of legal responsibilities, there are several key distinctions that should influence your choice. In this blog, we’ll walk you through the major distinctions between named companies and numbered companies, followed by illustrative examples of the requirements for name approval in different Canadian provinces. We’ll also discuss the challenges of getting a name approved in British Columbia (BC) . Lastly, we’ll explore how these decisions can affect your business, particularly if you plan on incorporating in Ontario . Register Now What is a Named Company in Canada? A named company is one that operates under a given name, which should be unique and easily distinguished from other business names. Such names usually portray the company’s ...