Are your PREC articles built to protect you?
Upload or paste your articles of incorporation and we check the share provisions, transfer restrictions, and governance clauses against Ontario Regulation 536/20. You get one clear rating — green, yellow, or red — plus exactly which protections are present and which are missing. No forms to fill in.
Add your articles
Drop in your PDF, or paste the text of your articles. Everything stays in your browser.
We scan the clauses
We look for the protective wording O. Reg. 536/20 relies on — sole director, single-owner voting shares, void transfers, and more.
Get your rating
A red / yellow / green result with the exact clauses to confirm with your corporate lawyer.
Add your PREC articles
Include Article 5 (share provisions), the transfer restrictions, the business/conduct restrictions, and the director & officer provisions.
Drop your articles here, or browse
PDF, Word (.docx) and .txt files are read for you. Older .doc? Open it, select all, copy, and paste below.
Your articles are analysed entirely in your browser. Nothing is uploaded, stored, or sent to Capital Toolkit.
PREC Articles Health Check. Prepared — against ruleset —. Automated language scan of the text provided — not a legal review of the articles and not legal advice.
Your result
What to confirm with counsel
Every clause we checked
How the rating works
Each clause below is one protective drafting element. We scan the text you provide for the wording each clause relies on, then weigh what we find.
| Tier | Meaning |
|---|---|
| Core | Puts a mandatory O. Reg. 536/20 condition into the articles — a sole director, single-registrant ownership of the voting shares, permitted holders of the non-voting shares. Missing one leaves PREC status resting on conduct alone. |
| Guardrail | Protective drafting the regulation does not require but that hardens compliance — voiding a bad transfer, blocking conversion, a self-healing redemption. Better practice, not law. |
- Green — every mandatory core protection is present and overall coverage is strong (85+).
- Yellow — all core protections are present, but some guardrails appear to be missing.
- Red — one or more mandatory core protections could not be found.
A match is a hint that a clause is present; a miss means we could not find the protective wording, not that it is legally absent — your articles may use different language. This is a drafting scan, never a legal opinion.
Authorities this check is built on
Not legal advice. This tool performs an automated language scan of the text you provide to show how your articles are drafted. It reads only the file you choose — entirely in your browser, with nothing uploaded — does not verify the corporation is a compliant PREC in fact, and is not a substitute for advice from Ontario corporate counsel. A PREC is not a “professional corporation” under the Business Corporations Act. Confirm anything flagged here with your lawyer before acting.