Canada FAQ
Can an Ontario corporation have one director?
Often yes for a simple structure, but the practical board design still depends on ownership, residency expectations, and transaction requirements.
Often yes for a simple structure, but the practical board design still depends on ownership, residency expectations, and transaction requirements.
Director residency questions should be checked against the exact statute, the intended activity, and the practical expectations of banks, counterparties, and corporate record-keeping.
A filing may be technically possible while the wider commercial structure still needs local governance support. Final legal and tax analysis should be confirmed for the exact fact pattern.
Key points
- The statute and the business model both matter.
- Board composition can affect timing and onboarding.
- Final advice should be jurisdiction-specific.
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