When you need to make changes to your existing corporate name and/or corporate structure or change the parameters of directors listing, you will need to file Articles of Amendment. Ontario Business Central can help you through the process of filing these changes to get these changes done.
Often over time, as a business grows, the original incorporated name no longer represents the business services or products. A corporate name may need to be changed to reflect the new activities being conducted.
Current name of Business: ABC Air Conditioning Inc.
New Name of Business: ABC HVAC Systems Ltd.
If a corporation is created with a simple structure, in terms of share classes, restrictions and provisions, this original structure may no longer effectively facilitate the shareholders involved in the corporation. A new structure may need to be added, to accommodate the changes to the business.
Current share structure: One class of common shares, voting
New Structure: two classes of shares, one voting, one non-voting, common and preference shares
Often the directors listing on a corporation are either more or less than the original listed parameters of the directors’ minimum and maximum directors listing. Simply stated, if you are looking to add or remove directors from the corporation, you may realize that the overall parameters of the directors listing don’t allow for this change.
(currently you have 3 directors but want to add a fourth director)
Current Parameters: Minimum of 1 Maximum of 3 (don’t have room for 4th director)
New Parameters: Minimum of 1 Maximum of 10 (allow flexibility to add/remove directors)
Ontario Business Central has made the process of filing Articles of Amendment as easy as possible for you. By using Ontario Business Central in order to update your business information, you’ll experience:
Allow Ontario Business Central to file your Articles of Amendment on your behalf.
If we can be of assistance, or if you have any questions about this service, please feel free to reach out to our staff for any clarification or assistance you may require.
Ontario Business Central Inc. is not a law firm and cannot provide a legal opinion or advice. This information is to assist you in understanding the requirements of registration within the chosen jurisdiction. It is always recommended, when you have legal or accounting questions that you speak to a qualified professional.
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