On the one hand, there are the Articles of Incorporation that define the classes of shares of the corporation and the principal rights related thereto: voting rights, rights to dividends and right to receive the remaining assets of the corporation at of its liquidation. Even if there are standard models, consulting a professional (lawyer or accountant) is strongly suggested for the preparation of this document, especially if the company has several shareholders.
The initial statement provides basic information about the company, including its business area and the names of its shareholders and directors.
These documents must be submitted http://acshk.com/company-secretarial-services/ to the Registrar at the time of application for incorporation, or within 60 days following the request for the initial declaration.
Pay the fees
The Registrar charges a fee to receive and process the initial return. In 2018, the cost of an initial registration declaration is $ 331, or $ 496.50 for priority treatment.
Get the certificate of incorporation
The Registrar proceeds with the constitution of the enterprise. He assigns him a Québec Enterprise Number (NEQ) and issues the certificate of incorporation filed in the enterprise register. From this point on, the company does exist, and only a court can cancel the articles of incorporation.
After receipt of the initial declaration, the information declared is automatically published in the business register.
Finalize the internal organization
on one occasion the company is shaped, its shareholders contribute capital by subscribing shares, which they must pay at least $ 1.
Then, its directors adopt the company’s by-laws, establish its head office, fix its financial year-end date and appoint its officers, since shareholders, directors, and officers are separate functions, even though they may designate the same. people.
When there are several shareholders in http://acshk.com/offshore-tax-exemption/ , they may enter into a shareholders’ agreement. This is intended to avoid any legal confusion in the event of death, disability or another serious event among the shareholders.