Whether you should operate your business as a corporation, partnership, sole proprietorship or cooperative depends on your particular situation and your particular needs. Among the factors to consider are the benefits of incorporating and the implications that incorporation can have for your business. If you decide to incorporate, you will then have to choose between […]
Archive | Corporate Registries
RSS feed for this sectionOther corporate obligations for new Canadian corporations
Appointing auditors At annual shareholders’ meetings, shareholders must, by ordinary resolution, appoint an auditor to audit the corporation’s financial statements. However, the shareholders of a non-distributing corporation can decide by a unanimous resolution (which includes voting and non-voting shares) not to appoint an auditor. Appointing an auditor increases the reliability of the financial statements and […]
Why Do You Need a Company Minute Book?
Whether you have organized your corporation in Ontario, British Columbia or any other province, your existence as a corporate entity begins with the filing of your organizational “Articles of Incorporation”. After this initial document is filed, the company can only act through its Board of Directors, usually initially appointed by the Sole Incorporator. Election of […]
What are “Minutes” and When Are They Produced?
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 […]
How to establish a sole proprietorship in British Columbia
How to establish a sole proprietorship in British Columbia. A British Columbia sole proprietorship must register a business name when they carry on business under a name that is not their own personal name. In British Columbia, you can establish a sole proprietorship by filing a statement of sole proprietorship business name registration with the […]
New Brunswick Residency Requirement for New Brunswick Corporations
New Brunswick Residency Requirement: No requirement Business Corporations are incorporated provincially in New Brunswick, according to the provisions of the New Brunswick Business Corporation Act with the New Brunswick Corporate Registry Division. Company Formations Canada provides fast and easy New Brunswick Incorporation Service and provides all the documents your new New Brunswick corporation will need […]
Manitoba Residency Requirement for Manitoba Corporations
Manitoba Residency Requirement: Yes At least 25% of a corporation’s directors must be residents of Canada. If a corporation’s board is comprised of three or fewer directors, one of them must be a resident of Canada. Business Corporations are incorporated provincially in Manitoba, according to the provisions of the Manitoba Business Corporation Act with the […]
British Columbia Residency Requirement for British Columbia Corporations
British Columbia Residency Requirement: No requirement Business Corporations are incorporated provincially in British Columbia, according to the provisions of the British Columbia Business Corporation Act with the British Columbia Corporate Registry Division. Company Formations Canada provides fast and easy British Columbia Incorporation Service and provides all the documents your new British Columbia corporation will need […]
Alberta Residency Requirements for Alberta corporations
Alberta Residency Requirement: Yes At least 1/4 of the directors of a corporation must be resident Canadians. Business Corporations are incorporated provincially in Alberta, according to the provisions of the Alberta Business Corporation Act with the Alberta Corporate Registry Division. Company Formations Canada provides fast and easy Alberta Incorporation Service and provides all the documents […]
