To make sure corporation is in good standing position with the government, you need to make sure it has updated information. Like – Address of Corporation, Directors information, officer information and shareholders information.
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Director(s)
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Service Speed
Government does not provide any document after submission of change. If you need updated information need to get Profile report.
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Officer
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Shareholder
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Summary
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Address Update:
It is possible to provide a mailing address that’s different from the registered office address, but it is vital that corporations report any change of their registered office address. By changing the corporate registered address is the only way to keep it current / updated. Anytime change any official address, it is important to update within 15 days.
Director information Update:
Corporation information need to updated as per jurisdiction of the corporation. This is one of the top priority job for the corporation. Director change (appoint / Cease) need to be updated in government system. Every province define the time line of their corporation to update documents. We are here to assist you for this service
Listed names of all the directors of the corporation, their address for service and date they were elected/appointed or ceased to be a director, must be filed. If any of the information changes a Notice of Change must be filed setting out all the current information within 15 days after the change takes place.
Transfer of shares or Shareholder change:
Share owners can transfer, that is sell their shares and the rights that go with them (also called “rights attached to the shares”). Transfers must conform to any conditions or restrictions that apply to the corporation’s shares and their transfer. For example, directors could have to approve all transfers of shares. Based on articles of corporation and minute book need to transfer shares.
Officer Change:
The officers of a corporation are responsible for the day-to-day operation of the corporation. Officers are appointed by the directors and, together with the directors, form the management of the corporation. Officers can fill any position in the corporation that directors want them to fill (president, secretary or any other position). Any individual can be an officer of your corporation. Officers can be shareholders or directors of the corporation, or both, but they do not have to be. One person could act as a director, officer and shareholder simultaneously. For many small businesses, one individual is the sole director, the sole officer and the sole shareholder.
Because the scope of authority of the corporation’s management (the directors and officers) is so broad, the law imposes a wide range of duties and liabilities on them. In general, these duties and liabilities reflect the position of trust that directors and officers hold in relation to the corporation and its owners, the shareholders.