I intend to create an 'inc.' moral entity in Quebec, Canada (corporation).

Can I own 75% of the shares while splitting profit 50/50 with my partner? (In a legally binding manner)

  • 2
    Is a "moral entity" a feature of law in Canada or Quebec? – George White Dec 29 '20 at 23:46
  • 1
    Why do you want to split ownership of the company in a different split than your profits (and potentially losses)? Generally profits are a function of ownership; what other benefits do you expect to derive from your 75% ownership stake? – sharur Dec 30 '20 at 0:09
  • 1
    @GeorgeWhite A corporation. Sorry, I translated it roughly from French, which I understand now is not as straight forward as I thought. – ursulet Dec 30 '20 at 6:21
  • 2
    @ursulet would recommend editing your question to include this information, as that changes the situation (the temporality of the profit sharing) and doing so may yield a better answer being put forward, and comments on this site are ephemeral, so they can disappear over time; Also, welcome to the stackExchange network. We're a little different from other websites, so I would recommend you take the tour. – sharur Dec 30 '20 at 8:39
  • 2
    Ownership also can affect voting for board members and other critical issues and the division of proceeds if the company is sold. You can look into using different classes of stock with different voting and dividend rights. – George White Dec 30 '20 at 19:43

Companies can have different classes of shares with different rights: rights to dividends, voting, distribution of assets on winding up etc. Basically, it’s pretty much completely customisable.

  • Good answer, thanks. – ursulet Apr 9 at 21:20

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.