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I believe usually 3 directors are required. Is there a way around this?

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I'm from the states so don't have an answer for you but incorporation and sole proprietership are two different legal orginization mechenisms. If your talking about a corporation with only one owner then that is different then a sole proprietarship. – John Bogrand Sep 22 '10 at 15:04
Well.. I mean change a sole proprietorship into a corporation, or start a corporation from scratch if this is easier. Yes, I am aware of the difference of a sole proprietorship and a corporation. – txwikinger Sep 22 '10 at 15:57

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Interesting. I have a corporation here in Ontario, and there is one director - myself. I believe that you require a president and secretary, but the same person can serve as both.

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See e-laws.gov.on.ca/html/statutes/english/… I would like to know how you incorporated with one director? – txwikinger Sep 22 '10 at 16:00
Actually bought my corporation from someone, so I didn't have to go through this. But I know that the board consists of myself as President and my wife (other shareholder) as Secretary. I am also the only director. Ask a lawyer? – Elie Sep 22 '10 at 16:14
As another note, this might be specifically for a public company. – Elie Sep 22 '10 at 16:16
ok.. I think I found the issue. Ontario has a mess of (multiple) Corporation Acts. I think the right one is e-laws.gov.on.ca/html/statutes/english/… . Ellie is right, there it specifies minimum three directors for a public company, at least 1 for a private one. – txwikinger Sep 22 '10 at 16:28
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In Ontario you can register a corporation with 1 member. Call your accountant or lawyer and he/she will do it for you or do it online it's simple

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