In Canada, there are three types of partnership firms; this division is done on the basis of liability of the partners. Helpline Group can assist you to follow your decision and can complete formalities to incorporate your business accordingly. Generally, the decision of choosing the form of business partnership is influenced by the tax charged on the income earned by the partner. All the partners are supposed to file the income tax return by themselves; a partnership firm is not bound to do so. In some cases, a partnership firm is asked to file the income tax return but in this case, also partners are not relieved from paying tax.

A general partnership has two or more person to transact in a business with a common view. In this form of partnership, all the partners are supposed to perform their part of duties, as per the agreement formed between them that means all the partners are actively engaged in this business. Until and unless specified in the agreement formed between the partners, all the partners have the same business rights, same participation in decision-making process, same profit share and share equal liability also. A general partnership company formation in Canada is quite easy to establish and liquidate also, but it is not a child’s play to deal with legal complexities. Helpline group can guide and assist you in starting a business in Canada through the least possible paperwork with full exploitation of time.

Registration of this business form remains in existence for 5 years after which it has to be renewed. Registering a partnership firm in Canada gets quite easier and faster while working with Helpline Group, we can get all the paperwork done for registration and also incorporate the firm completed within a few days. The major drawback in this partnership form is that all the partners in the business have unlimited liability to the extent of their personal wealth. Helpline Group’s experts can Canada will provide all related information about the business. In Canada, general partnership laws are highly influenced by the laws of the province or territory under which that partnership business comes.

In case, a limited partner takes part in decision making then he loses his title of limited partner and will be treated as other general partners of the firm. In Canada, it is often found that a limited partner is used just as a tool for raising money. Helpline consultants in Canada can guide you and provide you with all information regarding the legal issues in this business form, we can assist you in dealing with all business paperwork to make your agreement strong for a company set up in Canada.

In Canada, every province has its own rules for governing business in a particular territory and LLP is a new business form emerged in few areas of Canada, such as in Ontario and British Columbia this business structure is in practice. LLP is comparatively new in British Columbia (BC) as compared to Ontario, in BC any partnership structure can be converted into LLP or a fresh LLP can be established. Due to provincial differences in business operation LLP legislation can be enjoyed all type of business form in British Columbia but in Ontario and other provinces, LLP legislation is limited to regulated professions like accountants, lawyers, etc. Thus, for starting a business in Canada, you must not only know about the benefit of the structure but also know about the facilities provided by the government in that particular province for your selected business structure. It can be said, that the selection of business structure is not an easy task in Canada. Helpline Group’s consultants can provide you with the best details about the business and will guide you about how to start a company in Canada with your selected business structure.

A foreign company can establish its branch office in Canada with the legal license provided by the Canadian government. A branch office must be registered under the province in which it will be operating. Helpline executives will guide in this regard and will also complete paperwork in order to help you in starting a business in Canada. Our native consultants have better knowledge of legal formalities in Canada. Branch office’s activities, rules and regulations everything depends on the province under which it comes, thus, the definition of “permissible business activities” defer from province to province in Canada, therefore, in Canada, a Branch Office business can conduct business activities as under-

• A resident agent as a representative is hired to operate the business or a representative working in the office or company warehouse or any official place to conduct business.
• Other than security, the parent company should have an interest in real property of that province.
• Business activity can also be chosen by the governing laws of the province.

In Canada, Branch Office is having the privilege of tax benefit which makes them a popular business structure in Canada. According to the Canadian business law, all the activities of the Branch office make the parent company liable for the actions of the branch office including debts, liabilities and other legal obligations.

All the shareholders are the owner of the corporations and can make decisions by conducting the business meeting through votes. But ownership of a Corporation is not affected by the death of the shareholder or if he leaves the Corporation nothing gets affected, as the shares can be transferred to another person. The tax benefit is one of the core advantages for working in this structure, as shareholders in this firm can be anyone, thus, the owner can take shares in the name of family members or can issue dividends to them, which will redistribute income within the family. In Canada, if you qualify for “Small Business Deduction” then your corporation can avail a credit amount for your business which will reduce the payable tax amount.

Although there is no specific law governing Joint venture, the Joint venture parties are required to work according to business guidelines provided by the Canadian government under the Act for Investment in Canada. Approval for having a Joint Venture is highly affected by the benefits derived from the agreement to the country, every province has their own way of analysing the agreement. Therefore, it can be said a joint venture not approved in one province might get approval in another province. Projects deriving benefits to the country like increasing productivity, increasing Canadian participation in the project, level of advancement, technological development, product innovation – development, industrial efficiency, etc. are highly preferred by the government.

Profit generated can be reserved for future use or can be distributed among the members; it is mutually decided at AGM. In Canada, cooperative societies can be formed under “Canada Cooperative Act” (Coop Act), for this applicant needs to file an application to the Corporations Canada. A Canadian Cooperative is required to follow the specific Cooperative Act formed at the provincial or territorial or federal level. All types of Cooperatives are governed under the same law except the Financial Cooperatives which are regulated under separate legislation.