My wife and I started a corporation in 2007 but because I had a personal bankruptcy in my history we could not get a credit line or credit card for the business. Our bank manager recently told us if I sign over my half of the business to my wife (whose personal credit is well established) they would have no issue with granting our company those items. I could be put on as a signing officer as I'm the one who does most of the banking and issuing of cheques etc.
What I'm not sure of is in the future if we need to, say for example, re-do corporate licenses or renew insurance will I be able to handle that sort of thing because I'm the one who's always dealt with those issues?
I guess I'm trying to not shoot myself in the foot somewhere down the corporate road.
Posted On January 27, 2010 at 5:44 PM by: anonymous
You may take a look of the following link to the website of Bankruptcy Canada, which you may find the wealth of information and ask an anonymous question.
Replied On January 27, 2010 at 10:59 PM By: Anna Liu (View Profile)
Thanks, I'll have a look
Replied On January 28, 2010 at 11:34 AM By: anonymous
hello, you should be able to act as a signing officer on all activities and fuctions of the business regardless of your bankruptcy. I worked in the bank as a financial advisor and as far as officers signing or representing the business, you have equal rights according to the charter and by-laws of the corporation
Replied On February 01, 2010 at 9:37 AM By: James Johnson