How do I create or modify a business group?

Before beginning to modify or create a business group in online banking for business, make sure that :
 

• If there is no common signatory, there is at least one administrator common to each entity of the group.
• The administrators and registrar listed for your businesses reflect your current organizational structure
• You are an authorized person and have signed the corporate banking services convention, which applies to all entities in your business group
   

Why should I create a business group in online banking?

A business group allows you to group multiple entities in online banking and access them via one set of sign-in credentials.

What are the advantages of a business group?

Managing a business group in online banking provides the following benefits :

• Simplified management : access multiple accounts without having to sign in to each entity individually
• Group overview : consult a consolidated view of all your entities and their transactions to aid you in your decision-making
• More control : make it easier to monitor and ensure compliance across different entities
   

How do I request to create or modify a business group?

To create a group or modify an existing group – for example, when an entity must be added or removed – you must:

1. Make an appointment with one of our specialists

1. Reach out to your account manager to schedule an appointment with them.
2. Contact our call centre if you don’t have an account manager.

2. Fill out the request form

During your appointment, you will fill out a form with the help of a specialist.

3. Become verified and approved

Our team will proceed with the required verifications as soon as your signed form is received.
 

Good to know

• Your information must be up to date : company banking records for administrators and legal information for entities in the company registrar must correspond to your current structure.
• The expected response time to your request for an appointment is within 1 business day.
• The expected processing time for your completed application is 2 to 3 business days after any required signatures are received. If multiple signatures are required, the delay will begin after the last signature is received.
   

What are the best practices for structuring a business group?

Before submitting your request, we suggest planning the best structure for your group.
 

What types of structures are recommended?

When creating a business group, you must choose a main entity.
 

You can choose the appropriate entity by using one of these methods :

• Choose the main company in the group, meaning the one that owns the other entities.
• Choose the most stable company in the group, meaning one with infrequent structural changes and with the largest number of administrators in common to act as the focal point of the group.
  
  

Good to know

You also have the option to form joint ventures, which are groups of two or more entities. This structure can help you carry out one or more projects for a specific period of time.

Consult our joint venture management guide if you’d like to include an entity in a business group with a joint venture structure.

How do I request to remove an entity from a business group?

To request to remove an entity from a business group, consult our How do I add or remove an entity from a business group?

If needed, don’t hesitate to use our guide for new administrators in a business group.