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Old 05-18-2003, 10:27 AM  
RobIncMBA_JD
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Join Date: May 2003
Location: Toronto, ON Canada
Posts: 2
Quote:
Originally posted by markell
i remeber someone mentioning to me that if your incorporated you have to state that in the company name IE: gofuckyourself corp, inc, llc whatever the case may be. but it really all boils down to the state they incorporated in as each state has its own laws governing corporations.

but if they want LLC added its more than likely they must have that in there for legal purposes.
Aside from the obvious prerequisite that your client is actually a Limited Liability Company, it's always good for consultants to do what their clients ask them (if it aligns strategically with their goals--otherwise they need a *management* consultant.... that's entirely different :p)

In Canada, you may not legally indicate Inc., Corp., Ltd., etc., unless your business is either Federally or Provincially incorporated. If you are operating as a sole proprietorship you lack the arms-length delineation between, say, your assets and your company's assets (potentially very dangerous, especially in this industry). But I believe in the US you have a special "S" corporation which, as I understand it, something akin to a sole proprietorship with the benefits of a corporate entity.

Bottom line, it's probably illegal everywhere to use Inc., Corp., Ltd., LLC., or whatever, if you're not actually incorporated. In fact, here in Ontario, the business name may not imply a group when there is none: e.g. The MAG Group; or The Marketing Associates. These companies must actually comprise a group of individuals.
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Robin L. M. Cheung, B.Sc., MBA, JD-Candidate
[email protected]
Toronto, ON Canada
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