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Provide details for incorporating your Personal Real Estate Corporation (PREC).
Sole Director
The director must be the sole director and officer, including incorporator, of their PREC and also be a registered real estate salesperson, associate broker, or managing broker, and own 100% of the voting shares.
Do you acknowledge that you will be the sole director and owner of all voting shares?
Details for Sole Director
Is the director the contact person? *
Corporation
"Personal Real Estate Corporation" will be added to the name, as required by regulations.
Registered Office
The company’s registered office address is public corporate information and will be published on government websites, even if it is a residential address.
The company must keep its corporate records at this address. Legal documents served at this address will be deemed to have been received by the company.
The registered office must be a street address in Ontario.
PERSONAL REAL ESTATE CORPORATION (PREC) — SHARES
Consult a professional accountant (CPA) for $250 to develop a share structure that includes tax and estate planning:
Enter the number of authorized and issued shares for each class of share:
All non-voting shares must be owned by family members and can only be transferred between family members.
Transfers must be approved by the sole director and controlling shareholder.
No additional restrictions.