Document background
The Articles of Association of a Private Company is a mandatory document required when incorporating a private company in Canada, whether under federal or provincial jurisdiction. This document must be filed with the relevant corporate registry and serves as the company's constitutional document, establishing its internal governance framework. It includes crucial provisions about share capital, shareholder rights, director powers, and corporate procedures, ensuring compliance with the Canada Business Corporations Act or provincial equivalent. The Articles are essential for defining the relationship between the company's stakeholders and providing clear rules for corporate governance. This document is particularly important when setting up a new company, restructuring an existing one, or when shareholders need to understand their rights and obligations.
