Change Your Corporate Name and/or Structure by filing Articles of Amendment

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.

Why do people change their corporate name?

Often over time, as a business grows, the original incorporated name no longer represents the business services or products.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.

Example:

Current name of Business: ABC Air Conditioning Inc.

New Name of Business: ABC HVAC Systems Ltd.

Why do people change their corporate structure?

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.

Example:

Current share structure: One class of common shares, voting

New Structure: two classes of shares, one voting, one non-voting, common and preference shares

Why do people change the minimum and maximum number of directors?

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.

Example:

(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:

1. Same day service (if required)
2. Hassle-free, friendly guidance
3. Much more cost-effective pricing than using a lawyer/law firm

Allow Ontario Business Central to file your Articles of Amendment on your behalf.