Understanding Corporations in Ontario and Alberta: Pros, Cons, and Legal Assistance

A corporation is a legal entity that exists separately from its owners (shareholders) and is created by filing the necessary documents with the provincial government. In both Ontario and Alberta, corporations enjoy certain rights and obligations, with regulations and procedures specific to each province.

When starting a business in Canada, entrepreneurs often consider incorporating their company as a viable legal structure. Incorporation creates a separate legal entity known as a corporation, which offers unique advantages and disadvantages.