Corporate Structure

Corporate Structure

Once a numbered or named company has been decided, the next step is choose the structure of your corporation. If you are unsure of what you want, it is a good idea to do some research by visiting a library, looking in the business section of a bookstore or talking to a lawyer, who will be able to advise you. You should understand and know what the following terms mean as each must be addressed as part of the incorporation process:

  • share structure
  • any restrictions on the transfer of shares between different parties
  • the number of directors in the corporation
  • any restrictions on the type of business that the corporation may conduct
  • any other rules or provisions that the incorporator wishes to include