Appointing or waiving the requirement for an auditor

David van Moorsel

By law, a corporation is required to appoint an auditor of the corporation, however, non-distributing corporations (generally smaller private corporations), are entitled to waive the requirement to appoint an auditor, and can waive the requirement for the corporation to provide audited financial statements in each year. It’s safer to require audited financial statements as it provides a higher level of … Read More

Corporate law services

David van Moorsel

Corporate Law Services. Our corporate law services include the following: acting as registered office and records address for the corporation; filing notices re changes of shareholders and directors with the applicable corporate registries office as and when required; filing the corporation’s annual return; and preparing annual director and shareholder resolutions as required by law and forwarding them to the directors … Read More

Do I need a physical minute book?

David van Moorsel

By law, a corporation is required to maintain certain corporate records at its corporate records address. This information must be made available to persons entitled to access it, which can include shareholders, directors, creditors, and members of the public. In many Provinces, such as Alberta, the law does not specifically require these records to be kept in physical form, so … Read More

What is a corporate seal?

David van Moorsel

A corporate seal is a stamp or embossed seal (that leaves an indentation on the paper) that contains the name of the corporation. Documents that are approved by the corporation are sometimes stamped or embossed by a corporate seal in order to confirm that the documents have been properly approved by the corporation. Historically corporate seals were used on most … Read More

Extra-provincial registration

David van Moorsel

Most provinces and territories have strict rules with respect to who may and may not carry on business in their jurisdiction. If a corporation wishes to carry on business in a province or territory and wasn’t incorporated there, it most likely has to register before, or within a short period of time after commencing business activities. The level of work … Read More

Federal vs. Provincial Incorporation

David van Moorsel

In Canada a corporation can be incorporated federally pursuant to the Canada Business Corporations Act, or provincially, pursuant to provincial corporate legislation, such as the Alberta Business Corporations Act or the Ontario Business Corporations Act. The laws applicable in each jurisdiction are similar, but there are differences. Federal Incorporation Federal incorporation is slightly cheaper than provincial incorporation due to the … Read More

Tips for choosing a business name

David van Moorsel

A good corporate name can be the foundation of a great business. A bad corporate name can lead to lost opportunities and expensive re-branding efforts. Given the amount of time and money that you’ll spend marketing, creating goodwill, and associating your products and services with your corporate name, it makes sense to get it right the first time. Here are … Read More