When choosing a name for your Canadian corporation, partnership or sole proprietorship you need to ensure that your name is distinct and different from any other registration on file federally and in all provinces and territories across Canada. In order … Continued
What is a Sole Proprietorship A sole proprietorship is a registration of a business that is owned by an individual. The proprietor is said to be self-employed. This is the simplest form of a business organization. The proprietor secures the … Continued
Which Provinces Accept a NUANS report versus a Specific Province Name Clearance Report? The province and territories which accept the NUANS report are: Alberta, Ontario, New Brunswick, Federal, Nova Scotia, Prince Edward Island and Yukon. All other jurisdictions in Canada … Continued
A director is an individual who is elected by the shareholders (owners) of the company to assist with the management and supervision of the day to day affairs of the company. Frequently the directors of a company are also the … Continued
This article will provide guidance on how to appoint officers of a Corporation and how resignations and removal of officers are documented. The directors of a corporation manage the affairs of the corporation. As part of that management the directors … Continued
All Ontario companies must have at least one director and this person must be a resident Canadian as defined in the Business Corporations Act (Ontario). Director(s) are the individuals who manage and supervise the business on behalf of the owners (shareholders). The … Continued
Resolutions for Ontario companies are governed pursuant to the Ontario Business Corporations Act. What is a Resolution A resolution is a form of approval. It can be to approve any matter that the corporation wishes. Some examples are approval of … Continued
What are by-laws? By-laws are the rules pursuant to which a corporation conducts business. Many of those rules will be the same as outlined in the statute governing the company. However, in some cases the statute may provide that … Continued
This discussion will be about the requirement under the Business Names Act (Ontario) for a company to register under the Business Names Act when it operates under a name other than its corporate name.
The statute indicates in section 2 that no corporation shall carry on business or identify itself to the public under a name Other Than its corporate name unless That name is registered by the corporation.
This legal requirement is frequently not followed correctly by small business corporations. Let us take the example of a person who incorporates a company called Trewell Landscaping Inc. He incorporates his company and wants to put a sign up on his door for the name “Trewell Landscaping”.
This Article will be specific to the annual corporate approvals (frequently called annuals or annual resolutions) required for companies incorporated pursuant to the Business Corporations Act (Ontario) and the Canada Business Corporations Act. Most other jurisdictions in Canada would have … Continued
The Ontario Personal Property Security Registration (PPSR) System is a notice filing system that records and provides information concerning consumer and business loans where goods and other personal property are used as collateral to secure loans. The PPSR System is … Continued
The directors of a corporation are elected by the shareholders to manage the affairs of the corporation. The duties of the directors are outlined in the statute of incorporation, in the by-laws and as the shareholders may direct from time … Continued
A Foreign business, incorporated in any country outside of Canada, may register to carry on business in Ontario provided it follows the requirements of the Extra-Provincial Corporations Act (Ontario). Toronto, is the capital city of Ontario, Canada and it is the largest city … Continued
What determines whether an Ontario company or a foreign company licensed in Ontario is in good standing and can obtain a favourable Ontario Certificate of Status? In order for a company to obtain a favourable Certificate of Status the factors … Continued