Articles Of Incorporation Ownership Percentage Template for Canada

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Key Requirements PROMPT example:

Articles Of Incorporation Ownership Percentage

I need Articles of Incorporation Ownership Percentage for a Canadian technology startup launching in March 2025, with four co-founders having different ownership percentages (40%, 25%, 25%, and 10%) and including protective provisions for minority shareholders.

Document background
The Articles of Incorporation Ownership Percentage document is a crucial legal instrument used when establishing a new corporation in Canada or restructuring an existing one with specific ownership allocations. This document is required under Canadian law, whether federal (CBCA) or provincial, and serves as the foundation for corporate existence and governance. It is particularly important when founders or initial shareholders need to clearly document their respective ownership stakes, voting rights, and share classes. The document includes essential information such as corporate name, registered office address, share structure, and most importantly, the detailed percentage breakdown of ownership among shareholders. It's commonly used in startup formations, joint ventures, family businesses, and any situation where precise documentation of ownership distribution is crucial for legal and operational clarity.
Suggested Sections

1. Corporate Name: Legal name of the corporation and any French/English alternatives as required by Canadian law

2. Registered Office: Address of the registered office including street address and municipality

3. Number of Directors: Minimum and maximum number of directors permitted

4. Business Restrictions: Any restrictions on the business the corporation may carry on

5. Share Structure: Classes and any maximum number of shares the corporation is authorized to issue

6. Share Rights: Rights, privileges, restrictions, and conditions attached to each class of shares

7. Ownership Distribution: Specific percentage ownership allocation among shareholders

8. Transfer Restrictions: Restrictions on share transfers, if any

9. Other Provisions: Additional provisions permitted by the CBCA

Optional Sections

1. Pre-emptive Rights: Used when shareholders should have first right to purchase new shares before they're offered to others

2. Drag-Along Rights: Include when majority shareholders should have the right to force minority shareholders to join in the sale of the company

3. Tag-Along Rights: Include when minority shareholders should have the right to join in the sale of shares by majority shareholders

4. Special Voting Requirements: Used when certain decisions require super-majority or unanimous consent

5. Share Buy-Back Provisions: Include when the corporation wants the right to repurchase shares under specific circumstances

6. Non-Competition Provisions: Used when shareholders should be restricted from competing with the corporation

Suggested Schedules

1. Schedule A - Initial Share Subscription: Details of initial share subscriptions including shareholder names, share classes, and numbers

2. Schedule B - Ownership Percentage Table: Detailed breakdown of ownership percentages by shareholder and share class

3. Schedule C - Share Rights and Restrictions: Detailed description of rights and restrictions attached to each class of shares

4. Schedule D - Initial Directors: List of first directors with their addresses and consent

5. Appendix 1 - Shareholder Contact Information: Complete contact details for all initial shareholders

6. Appendix 2 - Corporate Organization Chart: Visual representation of ownership structure and relationships

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant Industries

Technology

Manufacturing

Professional Services

Retail

Real Estate

Financial Services

Healthcare

Construction

Agriculture

Energy

Transportation

Entertainment

Education

Hospitality

Mining

Telecommunications

Relevant Teams

Legal

Corporate Governance

Executive Leadership

Finance

Compliance

Administrative

Board of Directors

Shareholder Relations

Business Development

Risk Management

Relevant Roles

Chief Executive Officer

Corporate Lawyer

Legal Counsel

Company Secretary

Chief Financial Officer

Business Development Director

Startup Founder

Corporate Director

Compliance Officer

Business Owner

Managing Partner

Investment Manager

Corporate Governance Officer

Board Member

Shareholder Relations Manager

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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