incorporating a business in bc

For assistance filing documents, you may also contact BC Registries and Online Services' preferred legal service provider Dye & Durham. The minimum number of Directors is one (1), with a maximum of ten (10). It is no longer a requirement that there be a resident BC director or that the majority be resident in Canada. Incorporating a Business in British Columbia through a Corporate Lawyer The most guaranteed method of incorporation is using a lawyer, and this option is also the most expensive. The best way to make sure the name you want is not already active is to perform an official search through a NUANS report. Registry staff do not provide business or legal advice. How to incorporate a business. Check out a few of the options for incorporating a BC company with us: Standard BC/Canadian Federal Incorporation - just $795 If you require professional advice, please contact a lawyer or an accountant. Submit an online incorporation application through Corporate Online. The official search is accurate and can be used when filing for incorporation. A company incorporated in B.C. In order to incorporate a business, the corporate name being registered must be unique. Incorporating your company federally is a four-step process. Enter your email address if you would like a reply: The information on this form is collected under the authority of Sections 26(c) and 27(1)(c) of the Freedom of Information and Protection of Privacy Act to help us assess and respond to your enquiry. Incorporation. On this page. If you cannot file the application electronically, you can file through BC OnLine if you are an account holder or prepare the paper forms and contact a law firm or registry agent to submit the forms for you. There are different ways to form a business in B.C., each with its own advantages and disadvantages. You can read more about those benefits in the Appendix at the end of this article, but there are a few reasons people specifically want their businesses incorporated in B.C. Learn how to continue your company out of  B.C. {"type": "chips","options": [{"text": "Financial supports"},{"text": "COVID-19 vaccine"},{"text": "Travel restrictions"},{"text": "Case counts"},{"text": "Call Centre information"}]}, Employment, business and economic development, Birth, adoption, death, marriage and divorce, Environmental protection and sustainability, Emergency Preparedness, Response & Recovery, Incorporating a Community Contribution Company, Incorporating an Unlimited Liability Company, Incorporate an unlimited liability company, Incorporate a community contribution company. Overall, you will want to incorporate your business for two big reasons: (1) to limit your liability, and (2) to reduce your tax burden. Questions about the collection of information can be directed to the Manager of Corporate Web, Government Digital Experience Division. Incorporate online for … File a BC Annual Report: File an Extraprovincial Annual Report: File a change to a company's office addresses: File a change to a company's directors: File an Incorporation Application: File a Continuation Application: Register an Extraprovincial Company: Unlimited Liability Company Filings: Community Contribution Company Filings A director may or may not be the incorporator of the company. To ensure the public is not confused or misled by similar corporate names, new corporate names must be approved by BC Registries and Online Services. By filing a continuation application, the company retains its corporate history and nine-digit number in the new jurisdiction. This digital assistant cannot advise you on your personal situation, and conversations are not monitored. Once you have received that business number, you can open the following accounts with Revenue Canada: Click or tap to ask a general question about COVID-19. Once your application is processed and payment received, we will send you the following documents by email or mail (depending on the notification method you selected): Keep these documents as part of the company’s records. Which one you choose depends mainly on whether or not you intend to do business in more than one province. A great lawyer will study the process and ensure filing is done in accordance with the law. The articles are the rules for the company, shareholders, directors and officers and they become part of the company’s formal records. If you need to customize the articles, please seek legal advice. You need to keep the agreement in your records book. *Don't provide personal information . To see these again later, type "popular topics". {"type": "chips","options": [{"text": "Financial supports"},{"text": "COVID-19 vaccine"},{"text": "Travel restrictions"},{"text": "Case counts"},{"text": "Call Centre information"}]}, Employment, business and economic development, Birth, adoption, death, marriage and divorce, Environmental protection and sustainability, Emergency Preparedness, Response & Recovery, Incorporating a Community Contribution Company, Incorporating an Unlimited Liability Company, Find  a copy of the standard set of articles (Table 1), See sample incorporation agreement adopting the Table 1 Articles, Go to Corporate Online to complete the application, The agreement of each incorporator to take one or more shares of the company, The signature of each incorporator opposite their full name and the date each incorporator signed the agreement. Usually the incorporators will become the shareholders and directors once the company is incorporated. Ensure the name you want does not already have a trademark (whic… Please do not enter personal information such as your name, contact information, or identity numbers. With the right help on hand, you’ll be able to reap the full benefits of your business becoming a separate legal entity from its owners and directors. Incorporation can often save the business owner from personal financial ruin. Online company registration service to easily start a business in BC, Canada. A continuation is the term used when a company wants to cease doing business in one jurisdiction and transfer the company to another jurisdiction. You can incorporate your business at the federal level with Corporations Canada or incorporate in a specific province or territory with the provincial/territorial government.. You will need your Business Number when applying for a GST number or other accounts at Canada Revenue Agency or the Ministry of Finance. For general COVID-19 information, type a question or click on a popular topic below. Registry staff do not provide business or legal advice. No. We are business start-up lawyers who specialize in incorporations. Incorporation is one of the most important moments in any business’ growth, but for many proprietors, it can often feel overwhelming. The Business Corporations Act, section 120 states a company must have at least one director. This means only the assets held within the company could be in danger. Phone lines are open Monday through Friday, excluding statutory holidays, from 8:30 a.m. to 4:30 p.m. Pacific Time. Submit business applications You can use OneStop to submit business applications with various levels of government including: Provincial sales tax account - PST Business licence application (local government) The number of shares of each class being taken by each incorporator. Learn how to continue your company into B.C. Request Name Approval and Reservation. These articles are meant to be used without amendment. If you choose to use the incorporation number as the company’s name (for example 0123456 B.C. Click or tap to ask a general question about COVID-19. Incorporating a Small Business in Canada When it comes to tax planning for Canadian small business owners, it might make sense to incorporate your business. Incorporating a business means to create a separate legal entity to carry on your business. In the event debtors come after the business, incorporating limits liability. As a small business owner, you should be looking for ways to minimize your tax burden and maximize your after-tax income. As the Law Society of British Columbia points out, most individuals starting a business in the province choose incorporation over other business structures due to the numerous tax and liability benefits granted through incorporation. 's immunization plan. If the BC company will be using its incorporation number as its name in Alberta and/or Saskatchewan, there is no requirement to complete an Alberta NUANS search report or a Saskatchewan name search. When opening a bank account, the bank may also ask to see this document. Once your corporation has been filed with the BC Government, the BC Government will automatically forward your information to the Federal government that will create and forward to you by mail a business number for your corporation. Incorporate BC breaks down the benefits of incorporating and the cons, making the decision easier on whether or not incorporating in Canada is … The original Certificate of Incorporation, A certified copy of the Incorporation Application, A certified copy of the Notice of Articles, A cover sheet that includes the company’s incorporation number and business number. The agreement becomes part of the company’s records and must contain: There is no need to file the Incorporation Agreement online. Ltd), you do not need a name approval and reservation. To register as a corporation, you will need to: incorporate your business (obtain your articles of incorporation) through federal incorporation or provincial/territorial incorporation get a federal business number and Corporation income tax account from the Canada Revenue Agency Please do not enter personal information such as your name, contact information, or identity numbers. Phone lines are open Monday through Friday, excluding statutory holidays, from 8:30 a.m. to 4:30 p.m. Pacific Time. You will need the incorporation number when you file other documents with us. A standard set of articles (Table 1) is provided under Appendix 1 of the Business Corporation Regulations for companies to use. Why incorporate in British Columbia? B.C. Please seek legal advice to ensure all requirements have been met. Keep reading or incorporate now. BC Registries and Online Services staff are available to advise you on how to complete filings that satisfy the requirements specified in legislation. Choosing between federal incorporation and provincial/territorial incorporation. To ensure the public is not confused or misled by similar … For assistance filing documents, you may also contact BC Registries and Online Services' preferred legal service provider Dye & Durham. The decision to incorporate depends on the specific needs of … Liability is one of the more common reasons why people choose to incorporate their small business in Canada. This separate entity is called a “company” or “corporation”. has declared a state of emergency. Hello, I am your COVID-19 Digital Assistant! BC Registries and Online Services staff are available to advise you on how to complete filings that satisfy the requirements specified in legislation. Section 127 of the Act, requires a compa… 's immunization plan. Below are the basic steps for forming (incorporating) a company in B.C. Search for registered B.C. Quick, easy and guaranteed. Get your quote now. unlimited liability company : Basic fee; $1000.00: Name approval fee; $30.00: Total: $1030.00: To convert a special Act corporation to a B.C. When using Corporate Online you can pay by credit card. Search for existing business and organization names online or retain the services of a qualified service provider to do this for you. Search Corporation Canada's NUANS (Newly Updated Automated Name Search)database to review names used across Canada as well as in B.C. has declared a state of emergency. A company that is a public company (also known as a reporting issuer) must have at least three directors. A company that has been incorporated outside of B.C. (known as an extraprovincial company) may also register to conduct business in B.C. Have you asked yourself if you should incorporate your business? An incorporation agreement must be signed by each person (incorporator) forming the company. Incorporating your business creates a new legal entity, called a corporation. Incorporating a business can do just that. Save time and money by researching your preferred name choices before you apply. *Don't provide personal information . There are several benefits to incorporating … B.C. There is no restriction on the business that the Corporation may carry on. Comments will be sent to 'servicebc@gov.bc.ca'. Register your corporation in British Columbia with our online BC Incorporation Package. The new Act has eliminated all residency requirements for directors. Call toll free: 1 … For general COVID-19 information, type a question or click on a popular topic below. may register to continue their business (continue their company) outside of B.C. To ensure you have all the information you need before you start the online application, we recommend you fill out a paper copy of the application first. Register an extraprovincial company; Continuations We take care of the bureaucratic requirements of incorporation and maintenance so that you can focus on building a successful company. The incorporation number is assigned by us at the time the incorporation application is filed. Our response to COVID-19 | B.C. Enter your email address if you would like a reply: The information on this form is collected under the authority of Sections 26(c) and 27(1)(c) of the Freedom of Information and Protection of Privacy Act to help us assess and respond to your enquiry. This digital assistant cannot advise you on your personal situation, and conversations are not monitored. 1. A company that has been incorporated outside of B.C. Check with the law firm or registry agent regarding additional fees. Using a … Questions about the collection of information can be directed to the Manager of Corporate Web, Government Digital Experience Division. Incorporating your business can provide an instant dose of credibility … Companies can officially incorporate, or they can register as a sole proprietorship or a partnership. Step 1: Name your corporation; Step 2: Create your articles of incorporation; Step 3: Establish the initial registered office address and first board of directors; Step 4: Submit and pay the fee; Note Do I need to get a NUANS or Saskatchewan name search report if the BC Company will use a numbered company name? (known as an extraprovincial company) may also register to conduct business in B.C. There are other steps that must be considered, such as setting up minute or records books, establishing a central securities register and issuing share certificates as well as ongoing reporting requirements such as Annual Reports, Change of Directors, address changes. Comments will be sent to 'servicebc@gov.bc.ca'. To see these again later, type "popular topics". A director must be an individual. What does it mean to incorporate a Business in B.C.? If you require professional advice, please contact a lawyer or an accountant. To set up a corporation, you have to apply to the federal or a provi… If you incorporate provincially, you may have to register and file additional paperwork before you can do business in another province. Limited Company : Basic fee; $350.00: Name approval fee; $30.00: Total: $380.00: To register an extraprovincial company : Basic fee; $350.00: Name approval fee; $30.00: Total: $380.00: To incorporate a B.C. Learn why incorporating a company in BC could be the right move for your goals. Our response to COVID-19 | B.C. Our online service will assist you in getting your BC business license. Incorporate a limited company; Incorporate an unlimited liability company; Incorporate a community contribution company; Extraprovincial Registrations. 3. Hello, I am your COVID-19 Digital Assistant! An instant dose of credibility. Transcription — Federal incorporation Simple, fast and affordable. limited company companies and organizations through Name Request Online 2. A company incorporated outside the province may decide to leave its home jurisdiction and continue their company in to B.C. Holidays, from 8:30 a.m. to 4:30 p.m. Pacific time numbered company name staff not. Articles are meant to be used without amendment resident in Canada your goals the Manager of Corporate Web Government. Part of the company when opening a bank account, the bank may also register to continue company! And maintenance so that you can incorporate your business at the time the incorporation number the... 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