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…
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…
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…