Numbered vs. Named Corporations
A numbered corporation is a business entity identified by a numerical code rather than a custom business name. This number is automatically assigned by the corporate registry and serves as the corporation's official legal name. For Example- 1000223366 Ontario Inc.
A named corporation in Ontario is a business entity registered under a unique, government-approved name. Once approved, this name is legally protected across the province, meaning no other entity can register or operate under the same name in Ontario. For Example- Midas Consulting Services Inc.