At each Board meeting, one individual will be designated secretary of the meeting who will be responsible for preparing written notes (a.k.a. “minutes”) memorializing the discussions by the Board and setting forth any formal resolutions adopted at the meeting. These minutes will then be reviewed and approved by the Board at a subsequent meeting, signed […]
How Do You Maintain a Minute Book?
A well-organized Company Minute Book might be divided into the following sections, each containing the documents listed and with an accompanying index: Certificate of Incorporation: A copy of the Articles of Incorporation and all subsequent amendments as filed in the province of incorporation. Bylaws: Your Bylaws and any amendments. Board of Directors: If initial directors […]
What should be included in a business plan?
Although business plans can vary in length and scope, all successful business plans contain common elements. The following points should be included in any business plan: Executive summary (business description) Identifying your business opportunity Marketing and sales strategy of a business plan Your team Operations Financial forecasts of a business plan Other useful documentation The […]
What is a business plan and why do I need one?
A business plan is a written document that describes your business, its objectives, and strategies, the market you are targeting and your financial forecast. It is important to have a business plan because it helps you set realistic goals, secure external funding, measure your success, clarify operational requirements and establish reasonable financial forecasts. Preparing your […]
How to Define Your Target Market
To build a solid foundation for your business, you must first identify your typical customer and tailor your marketing pitch accordingly. Given the current state of the economy, having a well-defined target market is more important than ever. No one can afford to target everyone. Small businesses can effectively compete with large companies by targeting […]
Creating a Marketing Plan for Your Canadian Small Business
Creating a Marketing Plan for Your Canadian Small Business. Creating a basic but well thought through marketing plan should be one of the first steps undertaken by a new business. Marketing is about more than just where to advertise, it is about understanding the internal and external forces that are going to contribute to the […]
Guide to Choosing a Company Name in Nova Scotia
Guide to Choosing a Company Name in Nova Scotia. To register a business in Nova Scotia, you must first choose a name for your business. The Registry of Joint Stock Companies must assess your proposed name and approve it for use before you can register your business. Your name must be unique and should describe […]
The Importance of a Minute Book
The Importance of a Minute Book. Corporate records should be maintained by all federally or provincially incorporated companies, regardless of their size. A minute book is a common, and convenient, way to do so. A minute book serves as a convenient way to record your company’s significant activities. Setting it up from the moment you […]
Why do I need a minute book?
A Company Minute Book does not have a fancy name or a romantic description, but it is the most important part of record maintenance that any corporation must have. The minute book is a record that includes important information about the corporation including, but not limited to: Articles of Incorporations, by-laws, minutes of meetings, names […]
What is a company minute book?
What is a company minute book? A minute book is used to store all important corporate documents such as the articles of incorporation, the minutes of shareholders and directors meetings, stock certificates, tax filings, by-laws and other legal documents. Benefits of a Company Minute Book For ease of management, efficiency, and security, it is vital […]
