Business Structures
Incorporation
By-Laws and Meetings
Resolutions
Misc. Corporate
100
simplest form of business structure
What is a sole proprietorship
100
$360.00
What is fee for paper filing articles of incorporation
100
Referred to as general by-law
What is by-law no. 1
100
executes a subscription
What is a party wishing to subscribe for shares
100
Filing fee is $150.00
What is Articles of Amendment
200
only available to lawyer, general accountants and general accountants
What is a Limited Liability Partnership
200
25% must be resident Canadian
What are directors
200
Passed by the directors and confirmed by the shareholders
What are by-laws
200
Shares do not have any value
What is par value
200
When all shareholders form part of the agreement
What is a shareholders agreement
300
legal entity that is separate from its owners
What is a corporation
300
an unlimited number of common shares
What is share capital
300
Authorizes another to act on someone's behalf
What is a proxy
300
formal expressions of opinions or intentions
What are resolutions
300
Document evidencing your share ownership
What is a share certificate
400
Created by Letters Patent
What is a Not-For-Profit Corporation
400
Inc., Ltd., Incorporated, Limited, Corporation
What is a legal ending
400
Must not be held later than 18 months after incorporation and at least every 15 months thereafter
What is first annual meeting of shareholders
400
When all of the officers of a corporation execute a resolution without holding a meeting
What is consent in writing
400
Elects the officers of the corproation
What is the directors
500
Offers its shares to the public for sale
What is an Offering Corporation
500
Valid for 90 days and required for a named corporation
What is a NUANS
500
Minimum and maximum number of directors or shareholders to hold a valid meeting
What is a quorum
500
cannot be altered - even to correct errors - until/unless authorized at a subsequent meeting
What is minutes
500
Must be filed within 60 days of incorporation
What is a Form 1 - Initial Notice