Corporations are required by law to hold annual meetings of the shareholders (or pass written resolutions instead), and to keep the corporation’s records up to date. Besides ensuring that the corporation complies with the law, there are several reasons why it’s important to pass annual resolutions of the directors and shareholders and keep a corporation’s minute book up to date: … Read More
Annual Corporate Maintenance Requirements
In addition, your new corporation will be required to file its own tax return each year. Failing to take these steps can lead to significant problems for a corporation, including incurring penalties and having the corporation struck from the corporate register, meaning it no longer exists as a legal entity. By law, once a corporation is struck, its assets become … Read More
The Importance of Legal Advice
Obtaining legal advice when incorporating a company can be a wise investment. Here are a few reasons you should consider hiring a lawyer to assist you with your incorporation: Lawyers won’t leave the job half finished. You’re not required by law to hire a lawyer to incorporate a company, but that doesn’t mean you shouldn’t. We’ve witnessed a lot of … Read More