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Six Things to Do When Starting a New Business
When starting a new business, there are several things you have to take into consideration. You can have the best products on the market and still not be successful if you haven’t set your business up properly. Below are six key aspects you should be focusing on as you set up a new business and lay the foundation for future success.
Why a Company Needs a Minute Book
You would be surprised at how often a minute book will be requested for review. Not every organization that wishes to see it has a right to see it but you may not be able to move forward with your…
Federal Name Granting Compendium for Federal Companies
The main objective of Industry Canada when incorporating a federal company is to have protection for the name across Canada. In order to accomplish this, the federal government must ensure that any name that is proposed does not conflict with…
Choosing a Name for Your Canadian Corporation, Partnership or Sole Proprietorship
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…
Sole Proprietorship
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…
Partnership Registration
A partnership occurs when two or more people decide they are going to work together in a business. Types of Partnerships There are three types in Canada. General Partnerships A general partnership occurs when all individuals have equal control…
NUANS Name Search Reports
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…
Qualifications for Directors of Ontario Companies
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…
Officer Position Descriptions
All companies must have at least one officer. There are many officer positions and each of those positions comes with a standard set of duties and requirements, although duties can be varied. Below is a list of the most common…
Officers Titles and Positions
Officers are appointed by the directors of a corporation. There are many different officers titles and positions that can be held by individuals. The scope of this Articles is to explain the different positions and statute requirements relating to them. For…
Appointing Officers
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…
Resident Canadian Requirement for Directors of Ontario Companies
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…