Maintain Incorporation Documents at the Official Facility along with the Corporate Seal
The Canadian Authority instructs every new Corporation to maintain a record of their incorporation documents, as listed in the following bullets:
Arrange the Bye-Laws & requisite Permits for Company Operations
The organizational structure of a Corporation is important in Canada. The organization of a new Incorporation is done by convening a meeting of shareholders and directors. You can convene the need for the meeting through a written resolution. Such a resolution must be signed by the Company's directors as well as shareholders. The primary organizational structure of a Company must look something like this:
Legal Obligations for New Incorporations in Canada
After the Company Registration in Canada, the incorporated entity must adhere to the Legal Obligations as per the Registration Acts of the following:
Opening a Corporate Account in the name of the Company
After the incorporation process is complete, the Company must open a Corporate Bank Account in its name. They must provide the bank with the following details:
After incorporating the above-mentioned steps, the Company can begin with their business operations. All Canadian Companies must pay their corporate taxes as per the prevalent Tax Regime.
To know more about the Non-Resident Company Formation in Canada with the Canada Company Registry, connect with the Incorporation Team at Registrationwala.
Also Read: How to open a Company in Canada?