Simply, yes, all corporations (whether it is an Ontario Corporation or a Federal Canadian Corporation) are required by law to maintain a minute book with up-to-date and accurate records. To help ensure that your corporation is in compliance, this article discusses the different parts that form a corporate minute book.
Starting a business is both exciting and laborious. One of the first steps in starting a business is selecting between the three main business structures available in Ontario, a) Sole Proprietorship, b) Partnership and; c) Corporation. The following will guide your selection process, but it is always recommended to discuss your specific situation with both an accountant and a lawyer before proceeding further.