0:06
five common Canadian business structures
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include private corporation LLC limited
0:11
liability partnership LLP representative
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office branch office and public
0:17
corporation PLC a private corporation
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LLC is a business entity legally
0:23
separate from its owners offering
0:25
liability protection a limited liability
0:27
partnership LLP combines the benefits of
0:31
a partnership with limited liability for
0:33
its partners a representative office
0:35
acts as an extension of a foreign
0:36
company for market research and liaison
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activities a branch office is a direct
0:41
extension of a foreign company
0:43
conducting business operations in Canada
0:45
a public corporation PLC is a company
0:48
that can offer shares to the public
0:50
subject to regulatory requirements llc
0:53
LLP and representative office setups
0:56
generally require approximately 12 weeks
0:59
to complete branch and public
1:00
corporation setups typically require
1:02
about 13 weeks invoicing and hiring
1:05
processes can begin between 3 to 6 weeks
1:08
depending on the business structure
1:09
setup timelines vary depending on the
1:11
chosen business structure llc's LLPs and
1:15
PLC's offer limited liability protecting
1:18
personal assets from business debts
1:20
representative and branch offices do not
1:22
provide separate legal entity status
1:24
llc's branch offices and PLC's are taxed
1:28
on net profits at rates between 23 31%
1:31
llps and representative offices can
1:34
achieve 0% tax if structured correctly
1:37
canadian entity types including LLC's
1:41
LLPs representative offices branches and
1:44
PLC's have different banking options
1:47
trade finance is a banking option
1:49
available for LLC branch and PLC
1:51
entities government grants are
1:53
accessible for LLC LLP branch and PLC
1:57
entities representative offices have
1:59
limited access to trade finance and
2:02
government grants compared to other
2:03
entity types the final INR price for
2:06
setting up a Canadian private
2:07
corporation LLC is CU2337
2:14
setting up a Canadian limited liability
2:16
partnership LLP costs 19
2:22
establishing a representative office in
2:24
Canada costs 218 42718
2:30
the final INR price for setting up a
2:32
Canadian branch office is SIU19510
2:36
setting up a Canadian public corporation
2:43
these prices include full setup support
2:45
and banking services all prices are
2:48
based on the current USD to INR exchange
2:50
rate an LLC is ideally suited for
2:53
general commercial activities an LLP is
2:55
best suited for professional services a
2:58
representative office is appropriate for
3:00
marketing and research activities a
3:02
branch is great for specific
3:03
project-based operations a PLC is
3:06
perfect for public shareholding and
