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Incorporation Checklist Ontario
The decision to incorporate is not one that should be taken lightly or made on a whim. There are advantages to incorporating, but there are also drawbacks. If you are unsure whether you should or how to incorporate, you should talk with both legal and tax professionals to determine if incorporating is the right move for you and your business.
To register your corporation, you must file a document called the Articles of Incorporation with the province of Ontario.
LawDepot offers a Ontario Incorporation Package. Simply fill out the short form, purchase the package, and LawDepot will create and file your Articles of Incorporation with the government of Ontario. Your corporation should be active within 3-6 business days.
Corporate Bylaws describe the internal rules governing the management of the corporation. Bylaws describe the duties and obligations of the directors and officers and govern how the corporation will be run. If you order the LawDepot Advantage Ontario Incorporation, you will receive Corporate Bylaws customized for your corporation according to your choices.
A minute book is a binder, case, or file containing the documents and records that a corporation is required by law to keep. Minute books often include the following documents, amongst others:
For businesses located in cities, towns, villages, or districts, you must contact the Municipal Business License Office in order to obtain a business license.
For businesses that are not located in cities, towns, villages, or districts, you should contact the nearest Regional District Office.
While obtaining your business license, you should also ensure that that your business conforms to land use and zoning bylaws.
Once your corporation has been filed with the Ontario Government, the Ontario Government will automatically forward your information to the Ontario government that will create and forward to you by mail a business number for your corporation. Once you have received that business number, you can open the following accounts with Revenue Canada:
A Shareholder Agreement can be used to say how a corporation will be managed, how disputes will be resolved, what will happen on the death of a shareholder, and to prevent shareholders from competing with the corporation. LawDepot offers an automated Shareholder Agreement form.
If you order the LawDepot Advantage Minute Book option when you order your Ontario Incorporation, you will receive the directors' organizational minutes. Alternatively, you can go our site and complete the Directors' Organizational Minutes yourself. A Directors' Organizational Meeting or Minutes is required to:
If you order the LawDepot Advantage Minute Book option when you order your Ontario Incorporation, you will receive the shareholders' organizational minutes. Alternatively, you can go our site and complete the Shareholders' Organizational Minutes yourself. A Shareholders' Organizational Meeting or Minutes is required to: