Definition - A named corporation is one that is incorporated under a name, as opposed to a number.
Name Search - In order to incorporate a named corporation, a name search must first be performed to check the availability of that name. In Quebec, a name search is valid for 60 days from the date of the report. For Ontario and federal incorporations, the NUANSŪ name report is valid for 90 days from the date of the report request.
Choosing a Name - If the name you have selected is confusingly similar to another company's name or contains words that are not permitted, for example UN or obscene words, then it will be rejected.
Required Elements - The name you choose must have a distinctive element and a legal element. It may also contain a descriptive element but this is not compulsory. Let us look at the name "Atrexelle Hardware Ltd". "Atrexelle" is the distinctive element. The more distinctive it is, the better your chance of having the name approved. "Hardware" is the descriptive element, which informs people of the nature of your business. "Ltd" is the legal element.
Legal Element - For federal incorporations, you can choose from Incorporated, Corporation, Limited, Inc, Corp or Ltd. For Ontario incorporations you can choose from those for federal incorporations as well as Incorporee, Limitee, Ltee. For Quebec incorporations, you can choose from Compagnie, Corporation, Inc. or Ltee.