OSC Rule 72-503

OSC Rule 72-503 The Ontario Securities Rule 72-503 – Distributions Outside Canada (the “Rule”) came into force on March 31, 2018, replacing the old Interpretation Note 1 – Distributions of Securities Outside Ontario (the “Interpretation Note”) and providing a comprehensive framework for distributing securities to investors overseas. The need for a revised rule is rooted […]

Naming A Company

Naming A Company Choosing a name is often among the earliest and most significant decisions in establishing a business. This article summarizes certain criteria to consider during the naming process. Numbered and Named Companies Upon incorporation, a company may automatically be issued a numbered name by the corporate registry, which offers privacy and simplicity. This […]

Why Keep Your Minute Book Electronically?

Why Keep Your Minute Book Electronically? Minute books do not need to be maintained physically in paper form. Instead, they can be scanned and stored digitally or even signed electronically and stored. Businesses can choose either option when transitioning to electronic storage. Storing a minute book electronically gives business owners instant access to their corporation’s […]

What Is A Minute Book?

What Is A Minute Book? A minute book contains all the essential documents related to your corporation and can be stored either in a physical binder or electronically. Corporations are required to maintain an up-to-date minute book, regardless of their size or they are incorporated in Ontario (under the Ontario Business Corporations Act, the “OBCA”) […]

Why Incorporate A Business?

Why Incorporate A Business? In Canada there are many ways to carry on a business. The three most common methods are a sole proprietor, a partnership and a corporation. Incorporating your business can provide many advantages, and it’s not limited to larger businesses. Individuals conducting business on their own can also benefit from incorporation. Some […]

How to Incorporate in Ontario and in Canada

How to Incorporate in Ontario and in Canada Ontario businesses have the option to incorporate provincially or federally. While the rights afforded to businesses are similar, this decision is influenced based on where you want the business to operate. Smaller businesses that don’t foresee operating in other provinces tend to incorporate in Ontario. Larger businesses […]