Document background
Articles of Association for Private Companies Limited By Shares are essential incorporation documents required when establishing a private company in Canada. These articles must comply with either federal legislation (Canada Business Corporations Act) or provincial corporate laws, depending on the jurisdiction of incorporation. They serve as the company's constitutional document, detailing everything from share capital structure and shareholder rights to corporate governance procedures and decision-making processes. The document becomes particularly crucial when setting up a private company that plans to issue shares, as it establishes share transfer restrictions, voting rights, and other mechanisms to maintain the private nature of the company while protecting shareholder interests. This document must be filed with the relevant corporate registry and becomes publicly available upon incorporation.
