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Must Contain One of the Following Corporate Designations Corporation, Incorporated, Limited or Company, or Form
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People also ask
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What words to add to a company name?
Use descriptive words. For example, if your business is known for producing high-quality, bespoke items, include descriptors like 'custom' or 'best' in your business name. Or if you're known for speedy services, words like 'instant' or 'rapid' convey your unique value proposition.
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What is the difference between a corporation and a limited company?
Generally, most entrepreneurs choose to form a Corporation or a Limited Liability Company (LLC). The main difference between an LLC and a corporation is that an llc is owned by one or more individuals, and a corporation is owned by its shareholders.
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What are the rules for naming a company?
The "Golden Rules" of Naming a Business Make it easy to pronounce and remember. Avoid unusual spellings. Make it unforgettable and unique. Keep it simple. Don't make it too descriptive. Avoid trends. Avoid abbreviations.
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What is the difference between Ltd and Inc. in Canada?
In Ontario, there are three choices of legal ending: Limited (Ltd.), Corporation (Corp.) or Incorporated (Inc.). The designations all have the same meaning: that the entity is a corporation with limited liability for its shareholders. You may choose a numbered name for your corporation for faster filing results.
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What is the difference between LLC and Inc. in Canada?
Generally speaking, LLCs provide more flexibility and liability protection than corporations, but corporations may offer more tax benefits. It is best to speak with an attorney or accountant to determine the best option for your business.
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What must a corporation include in its name?
Required words. The name of a corporation must include the words "corporation", "incorporated", or "company", the letters "Inc." or "Corp.", or some other phrase or abbreviation indicating that the entity is a corporation. Most state statutes specifically identify which entity descriptions can be used.
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What are the corporate designations for BC?
BC incorporated companies must have the corporate designation "Limited", "Limitée", "Incorporated", "Incorporee" or "Corporation" in the last word in the name. Abbreviations of these words (e.g., "Ltd.", "Ltée.", "Inc." or "Corp.") are acceptable.
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What does Inc mean in business in Canada?
You can choose from the following words: Incorporated, Limited and Corporation, or their respective abbreviations: Inc., Ltd. and Corp. All corporations MUST have a distinctive element and a legal ending to their names. Some corporations choose not to have a descriptive element.
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What words must be included in the name of a corporation?
Corporations: A corporation's name typically must include words like Corporation, Incorporated, Company, or Limited; or abbreviations, like Corp., Inc., Co., or Ltd.
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Is it Ltd or Inc in Canada?
In Ontario, there are three choices of legal ending: Limited (Ltd.), Corporation (Corp.) or Incorporated (Inc.). The designations all have the same meaning: that the entity is a corporation with limited liability for its shareholders. You may choose a numbered name for your corporation for faster filing results.
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What is the Ltd equivalent in Canada?
In Canada, the equivalent of a Limited Liability Company (LLC) is known as a “Corporation.” If you're a business owner or entrepreneur looking to establish your business with limited liability and various tax advantages, understanding the process of incorporating your business is essential.
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