To define, company registration in Canada talks about creating a legal entity independent of the authorities, such as owners and shareholders. This legal entity is also popularly known as a Corporation with its sets of liabilities & obligations. A business owner can protect their finances in case of legal disputes or financial difficulties by including a personal liability limit in the Company.
However, if you are wondering about Canadian business Incorporation and ways to pursue it, you have reached the right destination. Allow Corpseed to assist you in the process.
What is Canada Business Incorporation?
Canadian Business incorporation is considered to be a legal entity that is separate from its owners and shareholders. Canadian businesses can be incorporated at the federal or the provincial level, as most people would research and incorporate in the Provinces of Alberta, Ontario, and British Columbia.
However, the rule of Canadian citizenship or permanent residency applies in the Province of Alberta, Ontario. Hence, it is also not a great idea to form an Ontario corporation or Alberta corporation if you do not have a person who is a Canadian citizen/permanent resident or with whomsoever you wish to share your 25% profits.