How To Register Canada Company

Canada Company category

There are three main forms of Canadian companies: sole proprietorship, Joint venture company and Shares Company.

First, A sole proprietorship is an unlimited company owned by a person. There is no definite boundary between the owner and the company. It is the simplest form of company. The owners of the company exercise their full functions and make their own decisions. To enjoy all profits, to pay all taxes, to compensate for all losses, to take all risks and to be legally separate. The relationship between everyone and the company is self employment. Any statutory liability arising from the operation of the company is the responsibility of the owner of the company, all of the company or individual. property They can be legally used to pay off debts.

The establishment of a sole proprietorship is simple, operating in the form of an individual or company, so that invoices can be invoiced to customers in the name of individuals or companies.

In fact, if the operation is carried out in the name of the owner, it is not necessary to register the company, but the owner must register with the local municipal government and get the business license.

　　 Two. Joint venture company

A joint venture is a new company established by two or more individuals, two or more joint stock companies, trust companies, etc. to trade or commercial The Mobility Company. Each party provides funds, labor, property or technology for the company, and at the same time shares the profits and losses of the company. The existence of a joint venture depends on the continuity of cooperation, especially in the cooperative relationship between two people. If one of them leaves or declares bankruptcy, the partnership will naturally disintegrate.

A joint venture is also easy to establish as a sole proprietorship, and sometimes an oral agreement is enough. However, if funds and property will become a problem in the future, it is better to prepare a written agreement. The allocation and loss sharing method of the company profits should be explained in the joint venture agreement.

In addition, joint ventures engaged in trade, mining or manufacturing are not necessarily registered. The simplified procedure is to register and obtain business licenses only in the local municipal government.

There is also a special form of joint venture called limited joint venture, which can be composed of one or more limited partners, and is different from a limited company. Some shareholders of a company do not participate in the operation of the company. The shareholders of the company are only responsible for the company's capital contribution. {page_break}
 

　　 Three, limited company

A company is an independent legal entity with a clear boundary with its constituent members (shareholders). It is established on the basis of the terms of the special contract signed by its shareholders. These Provisions are expressed in the memorandum and articles of association of the company.

The characteristics of a joint stock company are different from those of a wholly foreign-owned company and a joint venture company.

The first is the limited liability of shareholders. Usually, shareholders of a company are not responsible for the debts and obligations of companies that exceed their shares.

The second is the continuity of the company. Because the stock company is an independent legal entity, so even if the shareholders have changed, the company will continue to exist.

In addition, the ownership of the company can be changed, and the transfer of shares will not affect the existence or continuity of the company.

In Canada, most enterprises are registered with the provincial registration authority. The general requirements for enterprise registration are: enterprise name, registered capital, scope of business, mode of operation and so on. That is to say, it is necessary to have the conditions conforming to the registration of Chinese enterprises. Specifically, it is:

　　 1. company name

You can use letters or numbers as company names. When using a letter as its name, its name should not be the same as that of other companies, nor should it be confused with the names of other companies. No banned words can be used. After the name is added, the words, such as limited companies and joint-stock companies, must be added. A subsidiary of a foreign company in Canada can be named in Canada plus its parent company.

　　 2. registered capital

Canada generally does not require minimum registered capital. In addition to financial companies, there is no deposit requirement. Where cash or property is invested and shares are subscribed in cash, the value of subscription shall be determined by the board of directors.

　　 3. scope of business and mode of operation

The business scope of enterprises is not restricted except for drugs, guns and television, broadcasting, finance, press and publication, aviation and so on. There are generally no restrictions on {page_break}.
 

Registered company procedures

　 1. choose the company name.

The name of the registration authority is confirmed to be valid. In order to avoid the choice of name, two name choices can be provided. The service charge is 30 yuan.

　　 2. the sponsors sign the articles of association.

The articles of association include the company name, share structure, directors and business scope. The articles and rules of the company are binding on the company and its members. It is generally believed that its role is a contract between the company and its members and members. Each company charter must include: company name; company's registered capital stock (SHARECAPTITAL), that is, the total amount of capital raised by the company in nominal maximum, but it can be increased or reduced in response to circumstances; other provisions include the types of shares and the maximum circulation of each stock, and the restrictions and privileges granted to the shares. The company law does not explain the functions of the company rules. However, the scope of the company rules listed in the Ordinance includes the rights to delineate the members of the company, the way the company operates, and the powers and responsibilities of the directors of the company. However, the "company law" stipulates that the company rules do not contain any provisions that are in conflict with the company law.

　　 3. application form

State the registered address of the company, the name and address of the director.

　　 4. paying registration fee

Registration fees are various documents, certification fees and so on. The registration fee is different from the establishment of a company under the federal Company Act and the establishment of a company under the provincial company law. The federal registration fee is 500 Canadian dollars, the license revision fee is 200 Canadian dollars, the company merger fee is 200 yuan, the renewal registration fee is 200 Canadian dollars. Registration fees vary from province to country, about half of federal cost.

Registration is usually made by local lawyers. The registration authority shall issue a business license, that is, the establishment of the logo company. From application to registration, it usually takes two weeks.