Canada: Types of Company
Public Limited Liability Company
A Public Limited Liability Company is one that has a class of shares listed on a prescribed Canadian stock exchange. It must also comply with prescribed conditions under the Income Tax Regulations as to the number of shareholders, the pubic trading of its shares and the company’s size. The minimum number of directors depends on provincial regulations, but is generally at least three.
As with Private Limited Liability Companies, the type of registration required depends on where in Canada the Public Limited Liability Company is to operate. If the company is to operate only in one state, it need only register in that state. However, if the company is to operate across Canada, it must be registered under federal law; it may also be required to register or be licensed under state or provincial law.
The documents required for registration include:
- The Articles of Association;
- An Initial Registered Office Address and First Board of Directors Form; and
- If required, a NUANS name search report dated not more than 90 days prior to the filing date.
It is strongly recommended that a Corporate Name Information Form also be supplied on registration.
The registration fee is C$200 for online filing through the Corporations Canada Online Filing Centre, or C$250 for filing by mail, fax, email or in person.