{"componentChunkName":"component---src-templates-blog-post-ts","path":"/canadian-articles-of-incorporation-part-2-of-8-which-articles-of-incorporation-should-my-company-use-2/","result":{"data":{"site":{"siteMetadata":{"title":"Clausehound Blog","author":"Joshua Koudys"}},"markdownRemark":{"id":"a10b4f58-ab16-59b3-a2ad-aa401632e1d2","excerpt":"Introduction Upon considering whether one wants to incorporate their business federally or provincially, the next factor to consider is what the entrepreneur…","html":"<h3>Introduction</h3>\n<p>Upon considering whether one wants to incorporate their business <em>federally</em> or <em>provincially</em>, the next factor to consider is what the entrepreneur wants to achieve through their articles of incorporation. In order to determine this, it is crucial to consider who will be running the business, where will the business obtain its funding, whether there are any concerns that need to be mitigated, whether the individual is selling a product or performing services, etc.</p>\n<p>Clausehound.com has made this process a bit easier for you! You can see the various Articles of Incorporation documents available through Clausehound, each of which addresses diverse circumstances your startup may face. To simplify the selection for this introductory lesson on incorporation, Clausehound has narrowed the variety of Articles of Incorporation for this blog to those that address the needs of the following types of newly formed ventures:</p>\n<p>(A) <a href=\"https://www.clausehound.com/legal-contract/simple-articles-of-incorporation-one\" target=\"_blank\" rel=\"nofollow noopener\">For Simple Startups</a>:</p>\n<ul>\n<li>Early stage business, one (1) class of shares</li>\n<li>Uncertain future for the business</li>\n<li>Limited number of initial investors and partners</li>\n</ul>\n<p>(B) For High Growth Startups:</p>\n<ul>\n<li>Early Stage business, two (2) classes of shares</li>\n<li>Business may take on new partners or raise capital</li>\n<li>Anticipation of changing needs of business</li>\n</ul>\n<p>(C) <a href=\"https://clausehound.com/legal-contract/16108/#!/document=\" target=\"_blank\" rel=\"nofollow noopener\">To Convert Articles to Multiple Classes of Shares</a>:</p>\n<ul>\n<li>Founder may wish to expand fundraising options</li>\n<li>Initial one or two classes of shares insufficient for business needs</li>\n<li>Reacting to growth and changing business needs</li>\n</ul>\n<p>(D) <a href=\"https://clausehound.com/legal-contract/16108\" target=\"_blank\" rel=\"nofollow noopener\">Articles of Amendment for Startups with Investment Oversight Concerns</a>:</p>\n<ul>\n<li>Founder is looking to improve comprehensiveness of Articles of Incorporation</li>\n<li>Assist in changing the business’ form to meet future needs</li>\n<li>Managing risk and liability related to raising capital from outside investors</li>\n</ul>\n<p>Drafting the Articles of Incorporation is a crucial consideration for any DIY drafter.</p>\n<p>You can use <a href=\"https://www.clausehound.com/documents/\" target=\"_blank\" rel=\"nofollow noopener\">Clausehound.com</a>’s incorporation templates to ensure that your incorporation process is as easy and cheap as possible!</p>\n<p>When drafting your Articles of Incorporation, you will want to consider the information in the following blogs:</p>\n<h3>Currently Live!</h3>\n<ul>\n<li><a href=\"https://blog.clausehound.com/canadian-articles-of-incorporation-part-1-of-8-introduction-to-incorporation-2\" target=\"_blank\" rel=\"nofollow noopener\">1 of 4 – Introduction to Incorporating a business</a></li>\n<li><a href=\"https://blog.clausehound.com/canadian-articles-of-incorporation-part-2-of-8-which-articles-of-incorporation-should-my-company-use-2\" target=\"_blank\" rel=\"nofollow noopener\">2 of 4 – Which Articles of Incorporation should my company use?</a></li>\n<li><a href=\"https://blog.clausehound.com/canadian-articles-of-incorporation-part-3-of-8-selecting-and-protecting-your-corporations-name-2\" target=\"_blank\" rel=\"nofollow noopener\">3 of 4 – Selecting and protecting your company’s name</a></li>\n<li><a href=\"https://blog.clausehound.com/canadian-articles-of-incorporation-part-4-of-8-what-to-consider-when-selecting-directors-for-my-business\" target=\"_blank\" rel=\"nofollow noopener\">4 of 4 – What to consider when selecting Directors for my business?</a></li>\n</ul>\n<h3>Coming Soon!</h3>\n<ul>\n<li>Part 5 – What to consider when selecting the corporation’s share attributes?</li>\n<li>Part 6  – What type of restrictions should be in place?</li>\n<li>Part 7 – Other Important Information</li>\n<li>Part 8 – What’s else should I consider before developing my business?</li>\n</ul>\n<p>For access to Clausehound’s blogs related to various legal &#x26; business topics, please visit <a href=\"https://blog.clausehound.com/\" target=\"_blank\" rel=\"nofollow noopener\">blog.clausehound.com</a>.</p>\n<p>Draft on!</p>","frontmatter":{"title":"Canadian Articles of Incorporation – Part 2 of 4:   Which Articles of Incorporation Should My Company Use?","date":"October 27, 2016","description":"Part 2 of 4 of Canadian Articles of Incorporation: The next factor to consider is what the entrepreneur wants to achieve through their articles of incorporation.","author":{"id":"rajah@cobaltcounsel.com","first":"Rajah","last":"Lehal","bio":"Rajah Lehal is Founder and CEO of Clausehound.com.  Rajah is a legal technologist and technology lawyer who is, together with the Clausehound team, capturing and sharing lawyer expertise, building deal negotiation libraries, teaching negotiation in classrooms, and automating negotiation with software.","image":{"childImageSharp":{"fluid":{"base64":"data:image/jpeg;base64,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","aspectRatio":1,"src":"/static/d7bbad08c257f3987a4a5710553e9e17/bdd4d/Rajah.jpg","srcSet":"/static/d7bbad08c257f3987a4a5710553e9e17/2b9ee/Rajah.jpg 80w,\n/static/d7bbad08c257f3987a4a5710553e9e17/e5d64/Rajah.jpg 160w,\n/static/d7bbad08c257f3987a4a5710553e9e17/bdd4d/Rajah.jpg 320w,\n/static/d7bbad08c257f3987a4a5710553e9e17/6e63d/Rajah.jpg 400w","sizes":"(max-width: 320px) 100vw, 320px"}}}},"tags":["Not for Profit Articles of Incorporation","Company Formation","Rajah","Articles of Incorporation","Canada (ON)","Canada (General)"]}}},"pageContext":{"slug":"/canadian-articles-of-incorporation-part-2-of-8-which-articles-of-incorporation-should-my-company-use-2/","previous":{"fields":{"slug":"/casl-can-you-email-to-addresses-obtained-through-social-networking-sites-such-as-linkedin/"},"frontmatter":{"title":"CASL - Can you email to addresses obtained through social networking sites, such as LinkedIn?","tags":["CASL","Rajah"],"author":{"id":"rajah@cobaltcounsel.com","first":"Rajah","last":"Lehal"}}},"next":{"fields":{"slug":"/casl-what-are-commercial-electronic-messages/"},"frontmatter":{"title":"CASL - What are Commercial Electronic Messages?","tags":["CASL"],"author":{"id":"rajah@cobaltcounsel.com","first":"Rajah","last":"Lehal"}}}}}}