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LLC in Canada?

Discussion in 'Business & Tax Advice' started by drey2k, Apr 30, 2009.

  1. drey2k

    drey2k Power Member

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    Occupation:
    Finance guy
    Location:
    USSR 1943
    Just curious about whether or not you can form one in Canada... or what is the next best thing for Canadians.

    Thank you.
     
  2. killahBeez

    killahBeez Newbie

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    lol yes you can.. it's usually reserved for partnerships and joint ventures amongst professionals and consultants (e.g. Doctors, Lawyers, etc.) to protect themselves from faults/liabilities of the other professionals acting in the practice. Could we get some more info?

    Do a little bit of research or consult a small-business resource center near you. Here's something to look at... hxxp://e-laws.gov.on.ca/html/statutes/english/elaws_statutes_90p05_e.htm (change "XX" to "TT") check section 44.1 - 44.4 ... Also, this is the Ontario partnership act .. so make sure you check the appropriate statutes...