If you choose a named corporation, we’ll need to confirm the availability of your proposed name prior to registration. This requires that we order a NUANS name search which is an additional cost to you. If you have a name for your business, we recommend registering a named corporation.
All named corporations are required to have both a distinctive element and a descriptive element in the name, unless the name has generated a significant reputation in the jurisdiction of registration through prior use.
A “distinctive element” is the part of the name that sets your business apart from others. Examples include “AAA”, “Twin River”, and “Xerox”.
A “descriptive element” is the part of the name that describes what it is that you do. Examples include really specific things such as “Plumbing” and “Copy Centres” and more generic descriptions such as “Holdings” or “Enterprises”.
If you have any questions, please feel free to contact a business lawyer at www.twinriver.ca for more details.