Owners of a corporation are referred to as “shareholders”. Shareholders own shares in the corporation, which are the units of ownership in a corporation.
A shareholder may own shares of a corporation without any involvement in its management or day-to-day activities. A corporation may have one or more “share class”, with each share class carrying different rights. Rights that may be assigned to a share class include the right to vote at shareholders’ meetings, the right to receive a dividend, and the right to receive the corporation’s assets upon dissolution (closing) in priority to other share classes.
The rights of a corporation’s share class(es) are set out in the articles of incorporation and can only be changed by amending the articles of incorporation.
The Incorporight platform allows you to make various changes to your shares, shareholders, and share classes quickly and efficiently. Our Managed Corporation service allows you to make unlimited changes to your corporation’s shares and shareholders and numerous other changes in addition to ensuring all internal records are maintain and stored in compliance with legal requirements.