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.

Business Setup Procedures

Setting Up a Company Canada OECD
Procedures (number) 2.0 5.2
Time (days) 1.5 9.5

Source: Doing Business - Latest available data.

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.
For Further Information
Consult the Doing Business website, to know about procedures to start a Business in Canada.

Financial Information Directories

Dun & Bradstreet - Worldwide directory with financial information on businesses

SEDAR - Database with company documents

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Latest Update: April 2024

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