What is the advantage of Canada federal incorporation over provincial?
I was checking the reasons behind, why people always choose Canada federal incorporation rather than provincial incorporation. I got few answers, but not sure whether they are the exact reasons. Here they are:
1.Advertising of our business outside the province.
2.Offers better name protection for the business name across most of Canada.
3.Is more recognized by foreign jurisdictions for importing and exporting purpose.
Any other reason to go with this?
I would also like to ask one more question. What is required to incorporate a named incorporation in Canada? Has anyone done it?
Sharing of the details will be greatly appreciated.
Thanks in advance
I’m not familiar with Canadian incorporation rules, but here’s a primer on the US business structures that may provide some useful information:
I would also recommend reaching out to a local business attorney and tax professional to understand the pros and cons.
Managing Editor, Fit Small Business