Canadian Unlimited Liability Companies (ULCs) - Imminent Problems Possible Solutions And New CRA Insights
Mondaq Business Briefing › Canada Law Articles in English (2009)
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Canadian Unlimited Liability Companies (ULCs) - Imminent Problems Possible Solutions And New CRA Insights
By Matthew Peters, Christopher J. Steeves, Zahra Nurmohamed1
A popular hybrid entity for U.S. residents seeking to invest in Canada has been the unlimited liability company ("ULC"). The corporate law of certain Canadian provinces (i.e. Nova Scotia, Alberta and British Columbia) allows for the incorporation of ULCs, which have proliferated over the years largely because of the fact that they qual...See the full content of this document
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