What's the difference between Inc., Ltd. and Corp in a Business Name in Alberta?
Inc., Ltd. and Corp. are all variations on the same thing. Corporations in Alberta have to have some form of the above in their name, as they inform third parties that the entity they are dealing. Under the Business Corporations Act, there is no legal difference between these endings, and in fact there are a few other options that people can use. Section 10(1) of the Business Corporations Act reads:
10(1) Subject to section 15.4(1), the word “Limited”, “Limitée”, “Incorporated”, “Incorporée” or “Corporation” or the abbreviation “Ltd.”, “Ltée”, “Inc.” or “Corp.” shall be the last word of the name of every corporation, and a corporation may use and may be legally designated by either the full or the abbreviated form.
Section 15.4(1) deals with Unlimited Liability Corporations, which are a bit different than standard corporations and beyond the scope of this article.
So really, when it comes to picking out how you end your corporation's name it comes down to your personal preference.
If you need assistance incorporating your business, please feel free to contact us.
The information contained in this article is not legal advice. No solicitor client relationship is formed through this article. The reader is encouraged to retain counsel for advice in these matters.