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numbered company
DCHP-2 (Jul 2016)
n. — Administration
a corporation with a generic name, comprised of its assigned registration number followed by the province in which it is registered, or by "Canada" in the cases of federal companies.
Type: 5. Frequency — Since corporations are not required to have names, business owners may choose to file incorporation applications without a name, and are instead assigned a generic numbered company name (see the 2016 quotation). As seen in Chart 1, this business procedure is practiced mainly in Canada and, more recently, in Ireland, which is now leading in terms of frequency. Australia has had a similar program, called the "Australian Company Number", or ACN (see ASIC website), but the terms does not nearly have the frequency of Canada and Ireland. Numbered companies may include, but are not limited to, shell companies (not necessarily for illicit purposes), or new companies that have not yet chosen a corporate name.
See also COD-2, s.v. "numbered company", which labels the term "Cdn".
See also COD-2, s.v. "numbered company", which labels the term "Cdn".
Quotations
1979
A numbered company controlled by a Toronto couple bought an interest in the property, giving it what amounts to a 21-year lease on seven apartments.
1985
A numbered company represented by Suncor Inc. subsidiary, Sunoco Inc., paid $7 million for all of Turbo's Ontario service stations and marketing support facilities.
1997
Brown's business is a numbered company, but he has operated under several names including Blue Northern Contractors and Buffalo Creek Contractors Ltd.
2004
Mountainview Seniors is a new company (a numbered company) and will own the property and operate (under direction from the parent company) the new facilities.
2012
The private companies sold to Raging River were Cirdan Resources and its 50 per cent partner, a Saskatchewan numbered company. The asset deal was with a senior energy producer whose name is not being released, Roszell said.
2016
To begin, you must choose a name for your corporation. You can use a numbered corporation or select a proper name. If you choose to register under a numbered corporation, the number is assigned by the Corporate Registry. For example, your corporate registry may be “99999 Alberta Ltd.” Numbered companies allow for quick incorporation when there is no practical need to have a named corporation or for reasons of anonymity. For example, a holding company to simply hold land or buildings does not require a name and can be simply a numbered company.
References
- ASIC
- COD-2
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