Ont Share Allotment

Share Allotment delivers within minutes all the documents you need to allot shares, and properly record the allotment in your LegalDeeds Minute Book. It includes a personalized Subscription for Allotment, a personalized Consent & Waiver for Allotment, a personalized Directors Resolution, and a personalized Share Certificate. It also includes a straightforward Instruction Sheet, which includes instruction on signatures and LegalDeeds Minute Book entries.

Share Allotment is an ancillary service to Self-Incorporation and Minute Book. Thus, the only type of shares it creates are Common shares without par value. In addition, the LegalDeeds Minute Book entry instruction relates to the Registers obtained through Minute Book. Thus, if you intend to use Share Allotment, and your incorporation did not proceed through Self-Incorporation, we cannot guarantee the documents will be adequate.

The fee for Share Allotment is $10, payable in Canadian dollars. There are no government filing fees. To proceed, complete the entries.

Contact Information

The only contact information we need is your e-mail address. It allows us to send you the finished documents. It will not be included in the documents.

E-mail:

Company Name

Enter the company name. Please ensure the name ends with the appropriate corporate designation: "Limited", "Limitee", "Incorporated", "Incorporee", or "Corporation", or an abbreviation therefrom (e.g. "Ltd.", "Ltee", "Inc.", or "Corp.").

Company Name:

Recipient

Enter the full name and address of the recipient of the Share Certificate.

	Full Name:
	Address:
	City:
	Province/ State:
	Country:
	Postal Code:

Price & Number

Enter the price paid per share, and the total number of shares purchased. Enter the price paid per share in dollars. For example, "thirty cents a share" equals 0.30. Enter the number of shares numerically, and do not use fractions. For example, "ten thousand, three hundred and fifty-five shares" equals 10,355.

	Price Paid Per Share:	$
	Number of Shares:

Be aware. The Business Corporations Act (Ontario) prohibits the allotment of shares that have not been fully paid for in cash or past services. Promissory notes are inadequate.

Certificate Number

Enter the Certificate Number. Enter the number numerically. To obtain the Certificate Number refer to the Register of Allotments in your LegalDeeds Minute Book. It will provide you with the Certificate Number of the most recent allotment. Add 1 to this number.

Certificate Number:

Directors

Share Allotment can accommodate up to 6 directors. Enter each director's name. Do not omit directors. If there are fewer than 6 directors, leave empty fields blank.

	President:
	Director:
	Director:
	Director:
	Director:
	Director:

Shareholders

The Business Corporations Act (Ontario) stipulates that before allotting shares, the Directors must first offer them pro rata to the existing shareholders. Thus, to allot shares to new shareholders, all of the existing shareholders must consent to the proposed allotment and waive any rights in relation thereto.

Share Allotment can accommodate up to 12 shareholders. Enter each shareholder's name. Do not omit shareholders. If there are fewer than 12 shareholders, leave empty fields blank.

	Shareholder:
	Shareholder:
	Shareholder:
	Shareholder:
	Shareholder:
	Shareholder:
	Shareholder:
	Shareholder:
	Shareholder:
	Shareholder:
	Shareholder:
	Shareholder:

Review

Press the Review button to review your entries, and to proceed.

January 20, 2021