Before you can incorporate your company, you need to prepare a simple incorporation agreement. This document needs to be signed by each incorporator (if you are the only person incorporating the company, only you need to sign). In a typical incorporation of a new company, the incorporator(s) are also the shareholder(s) and director(s) of the company after it is incorporated.
A typical incorporation agreement contains:
- the agreement of each incorporator to take one or more shares of the company
- the signature of each incorporator opposite their full name, together with the date each signed the document
- the number of shares of each class being taken by each incorporator
Most provinces supply incorporation agreements you can use. Check the Resources links at the end of this article. The company will need to keep the agreement as part of the company′s records.