Corporate Changes

Your Minute Book is simply the organized binder (physical or virtual) that stores your Corporate Records.
BizWize makes it easy! Choose a fully prepared, professionally assembled Minute Book or select our Minute Book Kit complete with easy-to-use templates you can complete on your own.

Corporate Resolutions are formal, written decisions made by a corporation’s board of directors or shareholders. They document important actions the corporation takes, ensuring there is a clear, legal record of who approved what, and when. Resolutions are typically stored in the corporation’s Minute Book as part of its permanent Corporate Records.

A shareholder is someone who owns part of the company by holding shares. Directors are elected by the shareholders, and entrusted with a fiduciary duty to act in the company’s best interests by providing strategic governance and oversight. Officers, appointed by the board of directors, run the day-to-day business operations. For example, a CEO leads the company, a CFO manages finances and a Secretary handles corporate records and compliance.

Your corporation needs a Change Notice for routine updates like address or director changes. Articles of Amendment are required when you’re altering core corporate information, such as the corporation’s name, share structure, or business restrictions.

Voluntary dissolution occurs when owners choose to close the business, while Involuntary dissolution happens when a government or regulatory body forces the closure, typically due to legal or compliance failures, such as a not filing annual returns.

Yes. In most cases, a dissolved corporation can be reinstated by filing the required reinstatement documents and resolving any outstanding filings or fees. The specific steps depend on whether the corporation was dissolved federally or in Ontario.