Week two, what can I say, I love it. I was giving new opportunities and a new workload and I couldn't be happier. I honestly believe I found my calling in Corporate Law.
Currently, the Software I am using at my firm would consist of Fast Company, Word Perfect, Cyberbahn, Outlook, and all of Microsoft Office. The equipment used in the office is basically everything you would find at staples, and being we just completed the Law program the basics such as folders, brads, printers, scanners, copiers are pretty self-explanatory. although one piece of equipment I was surprised they still used was a type- writer. I don't use it but it is there. I'll have to ask what exactly the role of the typewriter is.
I am using all the legal software learned in my programme pertaining to corporate law. Which includes Fast Company thus far. I use this to start new files as well as amend resolutions, print ledgers and basically anything which is created for a minute book. Articles, Resolutions, ledgers and so on are all created and processed with Fast Company. a new software I am using is Word Perfect which I heard won't be used for too much longer as it is quite expensive to have. although I am getting used to it and don't mind it at all, I have learned a few quick tricks for word perfect to make it easier to work with and print according to documents with headers.
Some Documents I have prepared would be my favourite which is reporting books. A reporting book which is a summarised minute book containing all important documents for our customer. some of these documents are:
- Duties and responsibilities of directors, annual resolutions
- Copy of Articles of incorporation
- Any certificates that have been authorised (depending on the nature of corporation) for example a dentist would need a certificate from dental surgeons of Ontario.
- Any Master Business Licences if required
- Any promissory notes
- NUANS report if needed (name company)
- A copy of initial return
- A copy of Bi-Laws 1 and 2
- All info regarding Directors, Officers and Shareholders which include all registered as well as share certificates
Once this is complete it is then bound, organized and attached with a reporting letter which is then mailed out with the reporting book to the client. I am currently on my 8-10 reporting book. I have done reporting books for an amalgamated company, as well as an incorporation for No. companies to a new corporation with a name.
I also was given direction to mail Initial Return to the Ministry which is all done on a letterhead envelope with a formatted precedent to input info and print. This is then left in mailing tray which is picked up and mailed by an employee. One of the Lawyers also had me send out accounts which I had to conduct a letter using a specific precedent and follow the same mailing guidelines for the previous paragraph above.
I had the opportunity to incorporate a new company!!!! To incorporate a new company, I had to open a new record in fast company. I was given a record number from Erin as well as all the information needed to be input into fast company. Once all required information was input I then had to create the Articles of Incorporation which was emailed to the client as a draft for review. Attached was also a direction which was required to be signed by the client for authority for us to register on his behalf, scanned and emailed back. Once I received of signed direction and approved Articles, I then INCORPORATE MY FIRST COMPANY!!
This is done through Fast Company. First, we open up the Articles and XML export them which takes us to a link which then links us to Cyberbahn (registering company my firm uses). Once information is transferred I had to review all information transferred from FC to Cyberbahn to make sure all was correct and then accept the terms and submit for filing.
This is then saved under client file after the numbered name is given and accepted. It is then Saved. Printed, and a Copy (folder). We then print the invoice fee and put in accounting bag which is collected and charged to account via file number.
Once the company is registered and given a name, I then emailed the client attaching registered Articles of Incorporation with No. name, advised the client to make a copy for the bank for purposes such as opening a corporate bank account. Once the email is complete I then had to contact legal link via email to order a minute book and seal with the Name of numbered company. All emails and correspondence are then printed and kept in the new file I opened for that company.
I have had no accounting responsibilities other than sending out accounts. this is just an account much like the ones we did in class, actually identical which are completed and I am just in charge of creating the account letter, get the lawyer to sign and send away. all accounting is done by another part of the firm who actually does the billing part of it.
I was recently assigned to a specific project, many of them at that, but one in particular. It was a client who Amalgamated 3 companies into one, which involved 2 other companies being a total of 5. this file was huge and I had to go through the documents and activity and create an index by myself and create an incorporation report (reporting book) for this client. I took most of all of the last week with myself and a lawyer working one on one together on it and I am happy to say it is complete.
I have felt comfortable at this firm from day one and the environment has not changed. Each day I am given more responsibility and getting the hang of everything. I am happy to say all that I have done was covered in class and there is nothing I wish that was, as nothing was missed. although we were never showed a reporting book a minute book is the same thing and an incorporation report is just a summarised minute book for the client to take home. some firms have them emailed to the client but my firm likes to give them a physical book as clients are more appreciative of a hard copy than a USB or email.
I believe our 2 years have absolutely made it easy for me to draw on skills learned in office procedures, bookkeeping or legal classes. You don't notice how much you have learned until you actually have to do work. I was quite surprised how much I actually know, and thankful for all the classes I was given. Although interpersonal communications isn't needed in my personal opinion neither is math. Bookkeeping has not been used but I can definitely see that coming in handy in the near future and not just at work, for life in general.
I have had minimal contact with clients unless through email which only happened once thus far pertaining to incorporating the company previously mentioned, but myself being an office administrator for 10 years prior to starting the legal course I had no difficulty, I love working and communicating with clients and making sure they are happy as I expect the same also being a customer in life in general.
Needless to say, it was a busy and amazing week and I cannot wait and see what is in store for next week.