Document background
The Articles of Incorporation Operating Agreement is a crucial document required when establishing a new corporation in Canada or restructuring an existing one. This comprehensive document package serves two primary functions: legally establishing the corporation under Canadian law and providing detailed operational guidelines for its management. It must comply with either federal regulations under the Canada Business Corporations Act (CBCA) or relevant provincial corporation laws, depending on the jurisdiction of incorporation. The document is typically prepared during the initial stages of corporate formation and includes essential information such as share structure, management framework, shareholder rights, voting procedures, and operational policies. It forms the foundation for corporate governance and is referenced throughout the corporation's lifetime for guidance on internal procedures, dispute resolution, and corporate decision-making.
