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 […]

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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 […]

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The Importance of Protecting Your Corporate Status

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 […]

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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 […]

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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 […]

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Organizing Your Corporation: First meeting of shareholders

Officers are responsible for the day-to-day operations of the corporation. The directors are responsible for appointing officers. With the directors, the officers will form the management of the corporation. Officers can take any position that the directors want them to fill (for ex., president, secretary or any other position). The first meeting of shareholders The […]

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Organizing Your Corporation: Appointing the officers

Officers are responsible for the day-to-day operations of the corporation. The directors are responsible for appointing officers. With the directors, the officers will form the management of the corporation. Officers can take any position that the directors want them to fill (for ex., president, secretary or any other position). Fast & Easy Canada Corporate Minute […]

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Keeping your corporation in good standing

To make sure that your corporation continues to benefit from incorporation under your jurisdiction of incorporation business corporation act, you need to fulfill certain requirements with your jurisdiction of incorporation corporate registry office. Depending on the type of requirement, you need to file annually or when circumstances change. Namely, you must: Filing an annual return: […]

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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 […]

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