There are several different structures available when forming a
business in Canada. Foreign companies operating in the country may
do so through a branch office or by establishing a separate
business enterprise.
Often, the tax considerations and liability determine what
business structure is best. The most common business structures
used to establish operations in Canada are
- Corporations
- Sole proprietorships
- Partnerships
- Joint ventures
- Franchises
- Co-operatives
Corporations
A corporation is a business entity with a legal status that is
independent of its shareholders. As a result, the corporation's
debts, liabilities, and obligations are not the responsibility of
its shareholders.
