Maximize Efficiency with Digital Signature Legality for Non-Profit Organizations in Canada

How to eSign a document: digital signature legality for non-profit organizations in Canada

[Music] hey guys Angela is here from the business registration Center in this video you will learn how to set up a nonprofit corporation in Ontario let's begin how to set up a nonprofit in Ontario nonprofit corporations follow different regulations that and standard for profit [Music] corporations for a nonprofit all profits are not distributed to its members but instead put back into the operations of the business good examples of nonprofits are religious organizations sport clubs professional associations and seasonal [Music] celebrations what are the incorporation requirements minimum three directors and applicants no residency requirement non-profitable purpose a nonprofit organization cannot be a numbered company it must have a name the name should be distinctive can't be deceptively similar may have a legal element ink or Incorporated when naming a nonprofit you may add a distinctive element Association or Club also an LA report is required establish the office address it must be a physical address in Ontario can be a home address and a legal land description address if you don't have a physical address BRC can provide you with the office address and a mail scanning service add minimum of three directors incorporator and the officer you need to write the primary motive for this nonprofit corporation you may describe three major activities that the corporation plans to perform include the mandatory items to run a business such as a minute book it consists of bylaws share structure minutes and other legal sections business number is a unique identification of your business with Canada Revenue Agency the initial return should be filed within 60 days of incorporation it confirms the details of the corporation corporate tax account is like a SIN number for a corporation every time a business incurs an expense be it rent or paying for goods it pays hsd if you set up the account you can claim it back if you have employees including yourself you must set up a Pall account if if your goods or raw materials cross the Canadian border you are required to clear Customs using the import export account wsib is the workplace safety and insurance Board Registration a corporation must file its annual return with the government every year to keep it active you may add useful Business Supplies like a personal stamp and a domain [Music] name business registration Center can incorporate a nonprofit in two business hours get the name approval and register the CRA accounts thanks for watching visit BRC ontario.ca and get Incorporated [Music] today