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Business Corporations Act (Subsection 107(1)) Form 8

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The document is a form (Form 8) under the Business Corporations Act, specifically subsection 107(1), used to provide a notice of directors for a corporation in Yukon. It includes sections for listing the names and addresses of the first directors, the incorporator's name and signature, and information regarding personal data collection under the Act.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is the difference between distributing and non distributing?

A distributing corporation (or an offering corporation under the OBCA) is often colloquially called a public corporation. A non-distributing corporation (or a non-offering corporation under the OBCA) is often called a private corporation.

What is a distributing corporation?

The Corporations Act 2001 sets out the way a company must run in order to be compliant with the law. It deals with regulatory compliance, the behaviour of corporates, directors duties and reporting.

What is a distributing company?

What is a distribution business? A distribution business is the part of the supply chain that moves products and materials from a manufacturer to a retailer. Also called a sales and distribution company, a distribution business buys goods that a manufacturer produces to then sell to retailers and make a profit.

What is a distribution in as corporation?

Distinguishable from salary, distributions are payments made to shareholders out of the companys profits after salaries have been paid. These distributions are not subject to payroll taxes, making them a more tax-efficient way to compensate shareholders.

What is a special resolution of shareholders?

A resolution of members (or a class of members) of a company passed by: On a show of hands at a general meeting, a majority of not less than 75% if it is passed by not less than 75% of the votes cast by those entitled to vote (section 283(4), Companies Act 2006Opens in a new window (CA 2006)).

What is a distribution corporation?

Corporate distribution refers to a company giving money or property to its shareholders, like paying dividends. It can also refer to a partnership giving money or property to its partners. When a company is closing down, it may distribute its assets to its owners in a process called liquidation.

What does obca mean?

The Ontario Business Corporations Act (OBCA) describes the legal requirements for corporations operating in Ontario.

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