Are LLCs Available in Canada?

As a business owner in Canada, you may want to take advantage of the many benefits of incorporating your business. As you research incorporation options, you may come across some roadblocks when it comes to the LLC (Limited Liability Company) designation. This is because no jurisdiction in Canada offers LLC business registrations.

Business owners who choose to incorporate Provincially or Federally may receive several benefits, including limited liability protection, corporate name protection, and tax planning opportunities not available to other types of businesses.

Do you already have an LLC registered outside of Canada? A foreign LLC can be registered to carry on business in one or more Canadian jurisdictions; however, you should consult with your accountant or another tax advisor about any financial and tax implications, as there can be drawbacks to the use of foreign LLCs in Canada in certain situations.

If you are ready to incorporate your business in Canada, Eric P. Cohen, Barrister & Solicitor, an Ontario Lawyer, can assist. We offer affordable incorporation packages that will ensure all of the necessary forms are completed correctly for your business. Contact us today to learn more about our services.

Articles on this blog are general in nature and are provided for informational purposes only. Use of this blog does not provide or replace individualized legal advice and does not create a solicitor-client relationship with our firm. Users who require legal advice on a particular matter should consult directly with Mr. Eric Cohen, Barrister & Solicitor, an Ontario lawyer or a competent lawyer in their Province or State.

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