What is Articles of Amendment?
An Article of amendment is a legal document used by corporations to make changes to their existing articles of incorporation. Articles of incorporation is a corporation’s fundamental rules and operations.
Need to update your corporation’s info? Business Ontario Corporate Services has all the resources to get your Certificate of Amendment filed smoothly.
Update Your Corporation’s Articles of Amendment
The Articles allows for amendments to various aspects of the corporation, such as:
- Changing a corporation’s Existing Name (Example: Numbered corporation to Named named corporation)
- Modifying the existing share structure (e.g., number of shares, types of shares)
- Adjusting the number of directors or altering their roles (Example: adding or removing Director)
- Revising the corporation’s purposes
There are two main types of Ontario corporations that can use a Articles of Amendment:
1. Ontario Business corporations: Governed by the Business Corporations Act (BCA)
2. Not-for-profit corporations: Governed by the Not-for-Profit Corporations Act, 2010 (ONCA)
Amendments to a corporation’s articles are complex and require specific requirements for filing. However, the general process involves completing a designated form, obtaining any necessary approvals.
If you are thinking of changing your business structure,? Business Ontario Corporate Services can walk you through the Articles of Amendment process.
