Can you convert a sole proprietorship in Ontario to a corporation without additional Directors?


1

I believe usually 3 directors are required. Is there a way around this?

Incorporation Canada

asked Sep 22 '10 at 23:53
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Txwikinger
227 points
  • I'm from the states so don't have an answer for you but incorporation and sole proprietership are two different legal orginization mechenisms. If your talking about a corporation with only one owner then that is different then a sole proprietarship. – John Bogrand 8 years ago
  • Well.. I mean change a sole proprietorship into a corporation, or start a corporation from scratch if this is easier. Yes, I am aware of the difference of a sole proprietorship and a corporation. – Txwikinger 8 years ago
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1 Answer


3

Interesting. I have a corporation here in Ontario, and there is one director - myself. I believe that you require a president and secretary, but the same person can serve as both.

answered Sep 23 '10 at 00:34
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Elie
4,692 points
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Incorporation Canada