Corporate governance in Canada involves numerous legal requirements and responsibilities, and one of the fundamental aspects of this process is the maintenance of a corporate minute book. But do you really need a minute book in Canada? In this article, we’ll explore the importance of minute books and why they are an essential component of […]
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Simplifying Corporate Compliance
In today’s fast-paced business environment, the need for efficient and accessible solutions to corporate record-keeping has never been greater. That’s where CorporateMinuteBooks.ca steps in as the leading provider of digital corporate minute books in Canada. Our mission is to simplify the often intricate process of maintaining minute books and ensure that corporations, both new and […]
What is a corporate minute book Canada?
In the realm of Canadian corporate governance, maintaining an organized and up-to-date corporate minute book is not just a good practice; it’s a legal requirement. The corporate minute book is a vital document that plays a pivotal role in the life of a Canadian corporation. In this article, we will explore the intricacies of what […]
Records Showing Shares Was Issued
A new corporation almost always issues shares to record the ownership interests of the persons who invest in the corporation. Most smaller corporations issue shares for cash, property, or the performance of services that were rendered in forming the corporation. Many provinces prohibit the issuance of shares in return for a promise to pay for […]
Minutes of the First Directors’ Meeting
When most businesses incorporate, they prepare minutes of the first meeting of the corporation’s board of directors or of the incorporators (the person or persons who signed and fled the articles on behalf of the corporation). This meeting is usually referred to as the organizational meeting of the corporation. Minutes are simply a formal record […]
Tree Ways to Make and Document Formal Corporate Decisions
There are three basic ways to make and document formal corporate decisions made by a corporation’s board of directors or shareholders. They are: • real meeting with minutes • paper meeting with minutes, and • action by written consent Real Meeting With Minutes Your directors or shareholders and all interested parties get together in a […]
The Importance of Protecting Your Corporate Status
By corporateminutebooks on April 16, 2019 in Alberta Corporate Minute Books, British Columbia Corporate Minute Books, Corporate Minute Books canada, Corporate Records, Manitoba Corporate Minute Books, New Brunswick Corporate Minute Books, Newfoundland Corporate Minute Books, Nova Scotia Corporate Minute Books, Ontario Corporate Minute Books, Quebec Corporate Minute Books, Saskatchewan Corporate Minute Books, Yukon Corporate Minute Books
A corporation is a legal entity that is created and regulated by state laws. For legal, practical, and tax purposes, a corporation is legally separate from any of the people who own, control, manage, or operate it. If you want the advantages of having a corporation, you must follow legal requirements for running it. If […]
Corporate records and filing obligations for Canadian Corporations
A corporation is required to keep certain records at its registered office or at some other location in Canada chosen by the board of directors. These records must include the following: all articles of the corporation, (for ex., articles of incorporation, articles of continuance or articles of amalgamation); by-laws and their amendments; and unanimous members […]
The Importance of a Corporate Minute Book
A corporate minute book is important to your company. It maintains a record of the significant decisions, rules, and regulations of your company. It mentions key persons in the company and their responsibilities. It can reveal information about shareholders and other corporate affiliations. Your corporate minute book should present an accurate record of major happenings […]
What are ByLaws of the Corporation
Bylaws The bylaws of a corporation are its second-most important document. You do not file bylaws with the jurisdiction of incorporation registries office—they are an internal document that contains rules for holding corporate meetings and other formalities according to provincial corporate laws. Bylaws typically specify the frequency of regular meetings of directors and shareholders and […]