A corporation is a legal entity separate from its owners. A business corporation is governed by its incorporating statute and has its own corporate obligations.
In practice
A shop name ending in Inc. is a clue, not a substitute for a registry check. Match the legal name and corporation number.
What to check next
Read the guide comparing a sole proprietorship and a corporation. A registry entry does not establish the shareholders’ entire liability position.
Sources and review
Source checked October 30, 2026. Examples illustrate the process; they do not describe a real corporation.
Corporations Canada — Corporate obligations