Work in company in the Articles of Incorporation Template

Aug 6th, 2022
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How to work in company in the Articles of Incorporation Template

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hey my name is steve parr i am a vancouver british columbia business lawyer and today were going to take a look at the articles of incorporation of a company so this is a british british columbia business corporations act company so that means that the articles need to comply with the rules that are set out in that statute so statute refers to legislation thats generated by by the government so um so were not going to cover off everything here theres way too much inside of an articles uh instead of articles to possibly fit inside of a video so boring you to absolute absolute tears um but in this were just going to cover the the basics here and take a special look at the shares so the special rights and restrictions generally the articles of incorporation tend to be fairly boilerplate there are important exceptions so um that we cant get into at this point but in general the articles are are are going to be fairly boilerplate and and these kind of items here up until part 1 throu

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There is no minimum number of shares that must be authorized in the articles of incorporation. One or more shares may be authorized. However, the corporation may not sell more shares than it is authorized to issue and it must receive consideration in exchange for its shares.
How to Obtain a Copy of your Articles of Incorporation. There are three ways to obtain copies of Articles of Incorporation. Order the Microfiche in person at Service Ontarios office: 375 University. You can order the Microfiche by fax: 416-314-0102. You can order the Microfiche using the internet;
Issuing shares Unless you indicate differently in your articles of incorporation or by-laws, your corporations board of directors can generally issue shares whenever it wishes, to whomever it chooses, and for whatever value it decides.
Unless specified in your articles of incorporation, corporations can have more than one type of share or class of shares issued, and the amount of each class you can issue is unlimited. At the start, the total number of shares (authorized capital) for a startup is typically kept low at 100 or 1,000,000, for example.
Normally, the Articles of Incorporation will provide that an unlimited number of shares can be issued of each class.
Looking for Information on a Corporation? To request a corporate search or certificate of status, Book an Appointment, call us at 1-866-989-6370 or sign in to your AMA Online Account. Payment will be completed by phone.
Articles of incorporation are a set of formal documents filed with a government body to legally document the creation of a corporation. Articles of incorporation generally contain pertinent information such as the firms name, street address, agent for service of process, and the amount and type of stock to be issued.
A commonly adopted starting point is to authorize 10 million shares. It provides flexibility for fundraising, hiring, and future growth. Typically, founders might initially issue themselves between 6 and 8 million shares, leaving the rest for future employees, advisors, and investors.

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