Draft Annual Directors Resolutions and Shareholders Resolutions for Ontario (OBCA) Corporations

Draft Annual Directors Resolutions and Shareholders Resolutions for Ontario (OBCA) Corporations

Ontario Resolutions

Now that we know why we must maintain annual resolutions for a company, we must also know how to maintain annual resolutions for a company. All Business Corporations Act (Ontario) (“OBCA”) corporations and Canada Business Corporations Act (“CBCA”) corporations, no matter how small and inactive they are, must hold at least: one annual meeting of Shareholders, and

Ontario Minute Books – How to Create and Maintain an Ontario Corporate Minute Book

Ontaro Minute Book

Minute Books for Ontario and Canada Corporations are important. Luckily, they can be easy to complete.

Shareholder Rights for Ontario and Canada Corporations

Shareholder Rights

Since shareholders have invested their money in a corporation, they have some protections in place. In addition to any rights provided by an applicable shareholder agreement, the Business Corporations Act (Ontario) (“OBCA”) and the Canada Business Corporations Act (“CBCA”) provide shareholders with some rights. These rights are intended to give shareholders protections and to foster transparency in the

It’s No Longer About the Money – Continuing a for-Profit Corporation into a Not-for-Profit Corporation

Not for Profit Continuances

At times, the aims of a corporation can change. For example, a corporation may wish to become a not-for-profit corporation to better align itself with its actual working. Rather than dissolving its current form and starting a new corporation, the corporation can be continued as a not-for-profit corporation. This articles will discuss how a for-profit

Canada Minute Books – How to Create and Maintain a CBCA Canada Corporation Minute Book

Canada Corporate Minute Book

Minute Books for Ontario and Canada Corporations are important. Luckily, they can be easy to complete.

Business Partner Theft – What to Do if your Business Partner is Stealing from You

Business Partner and Company Theft

Every couple months, I get a call from a business owner saying, ‘My business partner is stealing from the business, what do I do?’ I shudder knowing that it will be sometime before their life returns to ‘normal’. It is helpful to know what recourse a business owner has in the awful event that their

Draft Annual Directors Resolutions and Shareholders Resolutions for Canada (CBCA) or Ontario (OBCA) Corporations

Draft Resolutions Canada Corporations

Now that we know why we must maintain annual resolutions for a company, we must also know how to maintain annual resolutions for a company. All Business Corporations Act (Ontario) (“OBCA”) corporations and Canada Business Corporations Act (“CBCA”) corporations, no matter how small and inactive they are, must hold at least: one annual meeting of Shareholders, and

Maintain your Corporation or Else! – How to Maintain an Ontario or Canada Corporation

Maintaining a Corporate Minute Book

If you have not maintained annual resolutions for your corporation, you should address this issue immediately. Both the Business Corporations Act (Ontario) (“OBCA”) and the Canada Business Corporations Act (“CBCA”) require annual corporate resolutions to be maintained and it is an offense not to maintain corporate records. In addition to maintaining annual corporate resolutions, an