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NOT-FOR-PROFIT AND CHARITY
INCORPORATION IN ONTARIO
Incorporation
Process
If a decision is made to incorporate you should take the following steps:
| FIRST
STEP: |
Select the proposed corporate name |
| SECOND
STEP: |
Prepare
and file the application for incorporation |
| THIRD
STEP: |
Following
the receipt of the Letters Patent of incorporation, organize the corporation |
| FOURTH
STEP: |
The
organization of a corporation is followed by an ongoing activity of
"corporate maintenance", that is, ensuring that the corporation
complies with the reporting requirements and conducts its affairs
in accordance with the applicable Acts and Regulations |
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Head
Office
Every corporation is required to have a head office in Ontario. This does
not necessarily mean that a corporation must own or lease a special building
or a suite of offices. Some incorporators use their home address for this
purpose. However using a registered corporate address provides significant
flexibility and increased privacy. You can view more details about Corporate
Registered Address service here.
Directors
Each corporation must have not less than three directors. The first directors
of the corporation have all the powers, duties and liabilities of directors
that are elected to the board.
The office of director is not only an office that accords prestige to
the person who holds it, it also places on that person responsibilities
and even liabilities. Accordingly, any person accepting a directorship
should be prepared to assume the responsibilities that go with the director’s
office.
Objects
of the Corporation
Objects are a concise statement of the ultimate purpose of the corporation.
The principal objects are objects that describe the primary undertaking
of the corporation
Objects statement
should be short but broad in nature. On the other hand, the objects should
be sufficiently specific so as to avoid ambiguity.
Examples: the objects for a community youth
organization might be drafted as follows:
The establishment and operation of a youth organization for the purpose
of:
a) promoting the best interests of teenagers in the Town of Kenora;
b) promoting interest in athletics, sports and recreation and establishing
and maintaining facilities and equipment for same.
and other complementary purposes not inconsistent with these
objectives.
Timing
An application for incorporation is usually processed within approximately
8 weeks of filing. The Letters Patent will bear the effective date as
of the date of delivery unless the application is returned for revision,
in which case Letters Patent will bear an effective date as of the date
of redelivery to the Companies Branch, provided the application is correct.
Order
your Incorporation Online
Request
Additional Information
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