New Ontario Online Incorporation Service in 2 Hours 99

TORONTO - Aug. 14, 2015 - PRLog -- SBDC Canada provides fast and easy Ontario online incorporation services with the Ontario Corporate Registry Office and provides FREE of charge all the documents your new Ontario corporation will need to keep to stay up-to-date and in compliance with the Ontario Business Corporation Act. When you incorporate your new company in Ontario with SBDC Canada, we will take care of all the process for you.

Ontario Incorporation Guidelines

Name of Corporation

Except for numbered corporations, every corporate name must have been searched and reserved by filing a Request for Name Reservation. We will request a name search report on your behalf.
The name of the corporation must match the reserved name exactly.
The corporate name must end with a legal element: “Incorporated”, “Limited”, “Corporation” (or an abbreviation of these three words or their French equivalent).

The Address of the Registered Office

A full civic address is required together with the postal code.
The address must be located in Ontario.
A post office box alone in Ontario is not acceptable.

Number (or Minimum and Maximum) of Directors

May provide a fixed number (e.g. 1). If a fixed number has been provided, the Articles of Incorporation must provide the names and addresses of that number of directors.
If preferred, a minimum and maximum number of directors can be shown (e.g. Minimum of 1, Maximum of 7)

First Directors

A director must:

Be at least 18 years old
Not be in “bankrupt” status (a person who has previously been bankrupt may be a director after they have received their full discharge).
Be an individual (a corporation cannot be a director)

The Classes and any Maximum Number of Shares that the Corporation is Authorized to Issue

Shares represent ownership in a corporation. When a share is issued, the holder of the share becomes a shareholder in the corporation. Therefore, all share capital corporations must be authorized to issue shares of one or more class

A corporation’s share structure can be very simple or it can be very complex. There may be significant tax consequences based on how a corporation’s share structure is set up.

The Rights, Privileges, Restrictions and Conditions

If the corporation will be authorized to issue more than one class of shares, each class of shares will need to have different rights and restrictions. Setting different rights and restrictions to the classes of shares, determine what the holder of these shares will be entitled to. One very basic example is setting the voting rights for the classes of shares. Others may include the rights to dividends, or the return of property on the dissolution or winding up of the corporation. There may be significant tax consequences based on what the rights, restrictions and conditions are for particular classes of shares.

Restrictions, if any, on Share Transfers

When shares are issued, the shareholders may resell their shares unless there are specific restrictions that enable the shareholders and directors to control who holds shares in the corporation by requiring some type of approval before shares can be transferred.

A restriction on share transfers can be almost whatever you would like it to be. Two common restrictions that are used, are to prohibit the transfer of shares without approval of the Board of Directors, or without approval of a certain percentage of the other shareholders.

Restrictions, if any, on the Business the Corporation may carry on

While most companies do not restrict what business activities the corporation may carry on, there may be reasons why restrictions need to be included.

Our Ontario Incorporation Service Includes:

FREE One (1) year Corporation Support Service
FREE Incorporation Agreement
FREE Bylaws
FREE Organizational Minutes and Resolutions
FREE Personalized company minute book
FREE Share Certificates
FREE Corporate Compliance

For more information, please visit our website at

http://www.sbdccanada.com/ontario-online-incorporation-se...