Canada flag Canada: Operating a Business in Canada

Starting a business in Canada

Legal Forms of Companies

Sole propietorship
Number of partners: 1 person.
Capital (max/min): No minimum capital.
Shareholders and liability: Liable for all debts and obligations.
Number of partners: 2 persons or more. All partners must be Canadians to be a Canadian partnership.
Capital (max/min): Personal investment but no minimal capital required.
Shareholders and liability: Personally liable for all the debts and obligations of the company.
Limited liability partnership
Number of partners: 2 persons and more.
Capital (max/min): CAD 1,000
Shareholders and liability: Unlimited for general partners and limited for limited partners.
Private joint-stock company
Number of partners: One or more partners/shareholders. All partners must be Canadians.
Capital (max/min): No minimum capital required.
Shareholders and liability: Limited to share capital for all shareholders.
Number of partners: Minimum three directors.
Capital (max/min): No minimum capital required.
Shareholders and liability: Limited liability.
Limited partnership
Number of partners: person financially involved.
Capital (max/min): No minimum required.
Shareholders and liability: The liability of the silent partner to the company and creditors is limited to the amount of capital he invested.
The Competent Organisation
Registering a company can be done through the office of a notary or a lawyer. Each province has a provincial or regional office to make registering easier. Companies with a business number are registered within 10 days. In Quebec this is the department of the Enterprise Registrar.
Company Directories
Setting Up a Company Canada OECD
Procedures (number) 2.0 5.2
Time (days) 1.5 9.5

Source: Doing Business, 2016

Business Setup Procedures
Consult the Doing Business website, to know about procedures to start a Business in Canada.
Canada Business Network

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Latest Update: June 2022

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