Ont Shareholder Loan

Shareholder Loan delivers within minutes all the documents you need to formalize and document a loan to your company from a shareholder. It includes a personalized Directors Resolution and a personalized Promissory Note, as well as instruction on signatures and LegalDeeds Minute Book entries.

The fee for Shareholder Loan 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 your company name. Ensure that 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:

Registered Office

Enter your company's registered office address.

	Address:
	City:
	Province:	Ontario
	Postal Code:

Directors

Shareholder Loan 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.

Please note, the first Director you list will automatically be appointed to sign the Promissory Note on behalf of the company.

	Director.
	Director:
	Director:
	Director:
	Director:
	Director:

Shareholder Creditor

Enter the name and address of the shareholder who is providing the loan to the company.

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

Date of Loan

Enter the date the loan begins.

	Month:
	Day:
	Year:

Loan Amount

Enter the loan amount. Enter the amount in Canadian dollars, and enter it numerically. For example, "one thousand Canadian dollars" equals 1,000.

Amount of Loan:

Interest Rate

Enter the annual interest rate on the loan. By default, LegalDeeds automatically assumes the type of interest is Simple, not Compound.

Interest Rate (%):

Interest Schedule

Outstanding interest can be paid periodically, or it can be accrued. If you desire periodic interest payments, specify the schedule.

Schedule:

Repayment Date

By default, LegalDeeds automatically creates a Demand Note. With this type of Promissory Note, there is no fixed repayment date. The principle, and any outstanding interest, is payable on demand by the Shareholder Creditor.

However, if you desire a Promissory Note with a fixed repayment date, modify the entries below.

	Month:
	Day:
	Year:

Review

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

September 29, 2020