Consider classes of shares to confer different rights, privileges
He says there are many permutations in how shares can be designed to meet the needs of a corporation, but if there is only one class, all shareholders will have voting privileges and rights to dividends as well as assets upon liquidation.
“Share provisions can be put in place at the time of filing the articles of incorporation or they can be introduced as a part of the articles of amendment or amalgamation,” says Katz, principal of Anton M. Katz Barrister & Solicitor. “If you don’t stipulate the classes of shares, then what you have is common shares.
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