Established Business Owners
Dividend Payments
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...
Exploring Payout Options for Employee-Shareholders in Privately Held Canadian Companies
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)...
What Does the Law Say About Non-paper Corporate Records in Ontario?
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 digital) corporate records—which we will talk about in this article.
3 Reasons Why You Should Keep Your Corporation’s Records Up-to-Date
Here are 3 reasons why you should keep your corporation’s records up-to-date—and how it will establish a nice foundation for you moving forward.
Important Things to Know to Keep Your Federal Corporation in Good Standing and Up-to-Date
If you have a federal corporation, you may be wondering what is required of your company to stay compliant. Here are some of the key things that you’ll need to be on top of to ensure that your corporation remains in good standing and up-to-date.
An Overview of How Foreign Corporations Can Obtain a Licence to Operate in Ontario
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 things to consider once licensed.
5 Things to Think About Before Incorporating a For-Profit Corporation
There’s a lot to think about when you’re considering forming a company. You might be unsure of where to start, but want to have a better understanding of what to expect before you move forward. We’ve made a list of five decisions that really stand out for us in the beginning.
Corporate Annual Maintenance
Corporate Annual Maintenance—we sometimes compare it to an oil change: you may not always want to do it, and it can feel tedious—but it is a necessary task in order to keep your business running smoothly and avoid big problems down the road. This article details everything you need to know about Annual Maintenance.
All About Annual Maintenance
If you have read some of our other articles, you may already know that we often compare a corporation to a robot, to make the subject easier—and, if we are being honest—a bit more interesting to understand. In this article, we are going to walk you through Annual Maintenance—what it is, when to do it, and what it involves… With some robot analogies along the way!
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