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Incorp4u
Home / Corporate Contracts / Shareholder Agreement

Shareholder Agreement

We have our own corporate lawyer who will prepare the Shareholder Agreement. We have made it very simple and easy. All you need to do is, filling out this step by step form, pay and submit. Our specialist will review your submitted information, will contact you if anything is missing.

Step 1 of 14

7%
1.2 Enter corporation's address
Different provinces have different rules and regulations. Your Shareholder Agreement will be customized for this province.

Shareholder Details

Complete address
- Enter Address

Second shareholder

Complete address
- Enter Address

Third shareholder

Complete address
- Enter Address

Fourth shareholder

Complete address
- Enter Address

Fifth shareholder

Complete address
- Enter Address

Shareholder Details

Share Ownership
Class of Shares
Number of Shares
 
e.g. Class "A" Voting, Class "B" Non-Voting, etc.

Directors of Corporation

Shareholders Will Vote to Elect Directors

YYYY dash MM dash DD

Second director

YYYY dash MM dash DD

Third director

YYYY dash MM dash DD

Fourth director

YYYY dash MM dash DD

Fifth director

YYYY dash MM dash DD

Alternate Directors

- Alternate director (Full Name)
In order of preference

Officers of the Corporation

5.3 Check the officers you wish to specify:
- President
Name of office
Term
Salary $
- Vice-President
Name of office
Term
Salary $
- Treasurer
Name of office
Term
Salary $
- Secretary
Name of office
Term
Salary $
- Other officer
Name of office
Name of officer
Term
Salary $

Management of the Corporation

6.1 Which decisions should be subject to shareholder approval?

Capital and Assets

6.6 Which decisions should be subject to shareholder approval?

Shares and New Share Issues

6.7 Which decisions should be subject to shareholder approval?

Additional Management Clauses

6.8 Describe any additional issues over which the shareholders should maintain control:

Restrictive Clauses

7.1 Select any restrictive clauses you want to add to the contract:

Duration of the Agreement

YYYY dash MM dash DD
YYYY dash MM dash DD

Capital Requirements of the Corporation

Preemptive Rights

Restrictions on Transfer of Shares

Valuation of Shares

Dividends

Death or Incapacity of a Shareholde

Conflict of Interest

Dispute Resolution

Signing Details

YYYY dash MM dash DD

Final Review

{all_fields}
Category: Corporate Contracts

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Guidelines

  • How fast can I get docs?Ontario corporation can be ready in 2 business hours regardless named or numbered corporation. It depends on your selection of service speed. If you choose 2 hours service, you will get docs in 2 hours in email. These docs are sufficient to open bank account.
  • What is NUANS report?For a named corporation, a valid NUANS report is required. You have option to upload if you already have it, or can ask us to obtain it for you. If you upload, please ensure it's an Ontario NUANS report (not a federal one). For details, read the bottom note on how name approval works.
  • How name approval works?Incorp4u is an agent of Industry Canada. If you buy NUANS & name approval from us, we do a pre-search first before obtaining the NUANS. If pre-search result shows good, we get name approval instantly. If pre-search result shows conflict, we will request you for alternative name by email, up to 3 names at free of cost.
  • Do I need Minutebook?A Minute book is a corporate legal document prepared by a corporate lawyer. As per corporation act, a Minute book is MANDATORY. Minute book consists of by laws, share structure & other legal sections. It's REQUIRED to open bank account. Without it, a corporation is not complete. A Minutebook must be presented when corporation is audited.
  • What is share certificates?Share certificates is the legal and official proof of ownership of corporation. You need it to show in any official purpose such as bank, contracts, mortgage etc. It's an absolute recommended items if you have more than one shareholder. We will send some blanks certificates as well which could be used in future in case you add any other person (such as spouse, child, friend) as shareholder.
  • What is corporate seal?Seal is a protection against fraudulent activity. It has legal value (by default defends) in case anybody create false docs or make false loan in your company name. It's highly recommended if your company has frequent transactions or provide receipt, invoices. It's also needed if you go for loan, mortgage, employment contract, service contract or any sub-contract.
  • What in service support?It includes legal, accounting and corporation update services. Every new corporation receives notices from CRA, federal & provincial government, competitor business etc. As a small company, if you do not have your own lawyer and accountant, then our lawyer, accountant and corporation specialist here for you. It's a $399 dollar service, but only $99 with package.
  • Why need Business Number?All corporation must have a Business number (MANDATORY). This number is also known as RC Number (RC0001). This is the unique identification of your business with Canada Revenue Agency. This is the number you need to provide to make any contract or set up an account for payment processing for your business.
  • Why need payroll account?Payroll account applicable in all cases. Even if you do not have employee, your own salary to be processed through payroll account. Please note, this is not the process your payroll, but this is the initial set up of payroll account with CRA which you definitely need to process the payroll.
  • Do I need import export account?You need import export account only if you plan to export or import from/to out side of Canada. Please note, only physical items (not service) fall under export or import. If you select, we will register this account and give you the account number.
  • What is WSIB?It's the Workplace Safety Board registration. If your corporation plan to have employees now or in future, it MUST register with WSIB. We register and give you the account number and hook you with WSIB authority. Please note, it does not cost monthly premium fees, rather WSIB authority will advise on your eligibility of free program or fees.
  • Any advantage of doing in package?Two major benefits. 1. Tax claimable: cost that occurs during business set up, is called Business Development Expenses, is tax claimable. Costs that occurs after business already registered, is called operational cost, is not tax claimable. These costs will occur at any way, since these are mandatory filing, therefore, it's wise to include in package. 2. The default process is, these filing to be done together with corporation; hence, it's cheaper in package. To do this services later; there are manual forms and process; hence, costs more money and takes longer processing time.
  • What are mandatory?Minute Book, Corporate Tax ID, HST Account, Payroll account and Initial Returns are mandatory. Every corporation must have a corporate tax ID, just like the SIN number for an individual. Same applicable for HST & Payroll account. Initial Return is a mandatory filing MUST be done for every new corporation. Fail to file these mandatory filing, may result the corporation NULL & VOID.
  • Why choice for mandatory?Many of our clients are law firm and accounting firm. This is why, we kept everything here as a choice. For example, the Minute book is a mandatory for a corporation, but we put here as a choice, because the law firm itself can prepare their minute book.
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