Grab the Ultimate Checklist for Running a Business Online in Canada

Incorporating Across Canada

If you incorporate your business in Canada, you have a choice between incorporating federally or provincially.

Below is a listing of each of the corporate laws across Canada, along with a link to the government agency who administers the corporate law in that jurisdiction.

- Federal - Canada Business Corporations Act (Canada) - Corporations Canada

- Newfoundland & Labrador - Corporations Act (NL) - Service NL

- Nova Scotia - Companies Act (NS) - Registry of Joint Stock Companies

- Prince Edward Island - Business Corporations Act (PEI) - Corporate and Business Names Registry

- New Brunswick - Business Corporations Act (NB) - Service NB

- Quebec - Business Corporations Act (Quebec) -  Quebec Registry

- Ontario - Business Corporations Act (ON) - Service Ontario

- Manitoba - The Corporations Act (MB) - Companies Office Manitoba

- Saskatchewan - The Business Corporations Act (SK) - Corporate Registry

- Alberta - Business Corporations Act (Alberta) - Corporate Registry

- British...

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The Five W’s of a Shareholders’ Agreement

Has anyone ever told you that as a business owner that you NEED to have a shareholders’ agreement?  Did you wonder what it was?

This article sets out some of the basics.

Why?

  • Without a SA, shareholders can have difficulty resolving disagreements.
  • Unlike publicly traded shares, shares of a private company are difficult to sell or transfer.
  • The founder and majority shareholder usually wants to maintain a certain degree of control over who can become a shareholder.
  • A minority shareholder who does not have voting control of the company, will be concerned about having a mechanism to transfer his or her shares if he or she wants to.

Who?

  • If a company has one shareholder only, a SA is not required.
  • If a company is incorporated with more than one shareholder or where additional shareholders are added, a SA is recommended.
  • If the business is a partnership, the equivalent of a SA is a partnership agreement.
  • If current shareholders are considering transferring shares, they may...
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