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You must enter the home address and contact information for at least 1 Director/Incorporator.
(You can enter a maximum of 3 Directors using this form.)
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| Sample Articles |
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No restrictions on the powers the Corporation may exercise. An unlimited number of Common shares can be issued without par value. An unlimited number of Preferred shares can be issued without par value. No shares of the capital of the Corporation shall be transferred without either (a) the sanction of a majority of the directors of the corporation or alternatively (b) the sanction of the majority of the shareholders of the corporation. (a) The number of shareholders of the Corporation, exclusive of persons who are in the employment of the Corporation is limited to fifty (50). Two (2) or more persons holding one (1) or more shares jointly shall be counted as a single shareholder.(b) Any invitation to the public to subscribe for shares or securities of the Corporation is prohibited. (c) Subject to the provisions of the Business Corporations Act, the Corporation shall have the right to purchase any of its Common Shares. Minimum of 1 Maximum of 10 Directors.
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Your lawyer in conjunction with your accountant can advise you on the most appropriate share structure and share provisions for your particular circumstances. The sample articles above contains a very basic share structure. We specifically urge you to consult your lawyer on the adequacy of the above sample articles as it applies to your particular circumstances in its entirety.
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