by Tobuso | Oct 26, 2023 | Established Business Owners
When a corporation is profitable, the directors of the corporation decide what to do with the profits. Options include reinvesting the profits into the business, paying down the corporation’s debt, paying bonuses to employees, or paying dividends to...
by Tobuso | Sep 14, 2023 | Established Business Owners
Introduction In small privately held companies in Canada, it is common for employees to also be shareholders. For example, you can think of family businesses where the family members are usually active in running the business while also being the main (or only)...
by Tobuso | Mar 16, 2023 | Established Business Owners, General Information, Minute Books
As we have mentioned in previous articles, and maintained on our platform, Tobuso, corporate records are rapidly moving from paper to digital format. With all of these changes, it’s understandable that you may be wondering what the law states about non-paper (or...
by Tobuso | Nov 24, 2022 | Annual Maintenance, Clean Up, Established Business Owners, Not-For-Profits
Many owners of corporations run into the situation where they have not recorded changes in who their directors are, who their officers are, and sometimes even who their shareholders are. This is understandable—people get busy growing their businesses, running their...
by Tobuso | Oct 27, 2022 | Annual Maintenance, Established Business Owners, General Information
If you have a federal corporation, you may be wondering what is required of your company to stay compliant. Below are some key things you’ll need to be on top of to ensure that your corporation remains in good standing and up-to-date. The Canada Business Corporations...
by Tobuso | Oct 17, 2022 | Established Business Owners, Extra-Provincial Registration
Registering a Foreign Corporation to operate in Ontario gives corporations the opportunity to expand their business into Canada. This article gives an overview of the steps that need to be taken as a Foreign corporation (that is, a corporation outside of Canada) and...
