Perhaps you have to understand exactly what the Annual Meeting of Shareholders and Directors really do. That is what the Corporate Solicitor is actually doing for you when the Annual Return is prepared and filed.
If Dividends are being declared by the Corporate Accountant, are the Dividends eligible or non eligible, and do you even know what I'm talking about?
If Canada Revenue Agency does an audit, and looks at the documentation in your Shareholders and Directors Annual Meeting Minutes for the years of Dividend Declaration, what happens when you have nothing?
Annual Returns for a Corporation at $300 is pretty cheap. It is the Record Office for service of any Statement of Claim on the Corporation as well as any Government Notices under numerous pieces of legislation. Is that worth having a Lawyer handle the Annual Returns and preparation of the necessary Corporate Meeting Minutes?
Drewski
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