Bc Incorporation Agreement Sample

If you‘re plan­ning on incor­po­rat­ing your busi­ness in British Colum­bia, one of the most impor­tant doc­u­ments you‘ll need to pre­pare is the incor­po­ra­tion agree­ment. This doc­u­ment out­lines the rules and reg­u­la­tions that will gov­ern your cor­po­ra­tion and the rela­tion­ships between its share­hold­ers, direc­tors, and offi­cers. How­ever, it can be dif­fi­cult to know where to start when it comes to cre­at­ing this doc­u­ment. That‘s why we‘ve put together a BC incor­po­ra­tion agree­ment sam­ple that can serve as a help­ful template.

Before we dive into the sam­ple agree­ment, it‘s impor­tant to note that every cor­po­ra­tion is unique, and your incor­po­ra­tion agree­ment will need to be tai­lored to your spe­cific needs. This tem­plate is meant to serve as a start­ing point and should be mod­i­fied as nec­es­sary to reflect your corporation‘s unique situation.

With­out fur­ther ado, let‘s take a look at the BC incor­po­ra­tion agree­ment sample.

Arti­cle I — Definitions

This arti­cle defines key terms used through­out the agree­ment, includ­ing “cor­po­ra­tion,” “share­hold­ers,” “direc­tors,” and “officers.”

Arti­cle II — Incorporation

This sec­tion out­lines the process of incor­po­rat­ing the cor­po­ra­tion, includ­ing the name of the cor­po­ra­tion, the num­ber of shares, and the classes of shares.

Arti­cle III — Shareholders

This sec­tion cov­ers the rights and oblig­a­tions of the share­hold­ers, includ­ing the right to vote, the right to inspect the corporation‘s books and records, and the oblig­a­tion to refrain from com­pet­ing with the corporation.

Arti­cle IV — Directors

This sec­tion out­lines the role of the direc­tors, includ­ing their pow­ers and duties, the process for elect­ing direc­tors, and the process for remov­ing directors.

Arti­cle V — Officers

This sec­tion cov­ers the offi­cers of the cor­po­ra­tion, includ­ing the roles of the pres­i­dent, vice-president, sec­re­tary, and treasurer.

Arti­cle VI — Meetings

This sec­tion out­lines the process for hold­ing meet­ings of the share­hold­ers, direc­tors, and officers.

Arti­cle VII — Bylaws

This sec­tion cov­ers the corporation‘s bylaws, includ­ing the process for amend­ing them.

Arti­cle VIII — Dissolution

This sec­tion out­lines the process for dis­solv­ing the cor­po­ra­tion, includ­ing the dis­tri­b­u­tion of assets and the pay­ment of liabilities.

Con­clu­sion

The BC incor­po­ra­tion agree­ment sam­ple out­lined above should serve as a help­ful start­ing point for cre­at­ing your corporation‘s incor­po­ra­tion agree­ment. As you work through the process of cre­at­ing this impor­tant doc­u­ment, be sure to con­sult with a lawyer who has expe­ri­ence in cor­po­rate law to ensure that your agree­ment is legally sound and tai­lored to your corporation‘s unique needs. With a solid incor­po­ra­tion agree­ment in place, you‘ll be well on your way to build­ing a suc­cess­ful cor­po­ra­tion in British Columbia.