Companies can officially incorporate, or they can register as a sole proprietorship or a partnership. A director may or may not be the incorporator of the company. Incorporating your business creates a new legal entity, called a corporation. Registry staff do not provide business or legal advice. A great lawyer will study the process and ensure filing is done in accordance with the law. Questions about the collection of information can be directed to the Manager of Corporate Web, Government Digital Experience Division. As a small business owner, you should be looking for ways to minimize your tax burden and maximize your after-tax income. We take care of the bureaucratic requirements of incorporation and maintenance so that you can focus on building a successful company. has declared a state of emergency. Check out a few of the options for incorporating a BC company with us: Standard BC/Canadian Federal Incorporation - just $795 Our response to COVID-19 | B.C. Why incorporate in British Columbia? 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. Get your quote now. 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. If you need to customize the articles, please seek legal advice. How to incorporate a business. 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.. Hello, I am your COVID-19 Digital Assistant! Call toll free: 1 … 's immunization plan. Transcription — Federal incorporation Simple, fast and affordable. This means only the assets held within the company could be in danger. Choosing between federal incorporation and provincial/territorial incorporation. {"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. Search Corporation Canada's NUANS (Newly Updated Automated Name Search)database to review names used across Canada as well as in B.C. limited company There are several benefits to incorporating … For assistance filing documents, you may also contact BC Registries and Online Services' preferred legal service provider Dye & Durham. 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. Click or tap to ask a general question about COVID-19. 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 Register an extraprovincial company; Continuations An incorporation agreement must be signed by each person (incorporator) forming the company. A standard set of articles (Table 1) is provided under Appendix 1 of the Business Corporation Regulations for companies to use. Using a … Have you asked yourself if you should incorporate your business? Section 127 of the Act, requires a compa… B.C. Incorporate online for … Quick, easy and guaranteed. A continuation is the term used when a company wants to cease doing business in one jurisdiction and transfer the company to another jurisdiction. If you require professional advice, please contact a lawyer or an accountant. 3. To see these again later, type "popular topics". Ensure the name you want does not already have a trademark (whic… There are different ways to form a business in B.C., each with its own advantages and disadvantages. Online company registration service to easily start a business in BC, Canada. A company that has been incorporated outside of B.C. Check with the law firm or registry agent regarding additional fees. has declared a state of emergency. companies and organizations through Name Request Online 2. The number of shares of each class being taken by each incorporator. 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. 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. There is no restriction on the business that the Corporation may carry on. These articles are meant to be used without amendment. The incorporation number is assigned by us at the time the incorporation application is filed. No. 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. If you choose to use the incorporation number as the company’s name (for example 0123456 B.C. The official search is accurate and can be used when filing for incorporation. The minimum number of Directors is one (1), with a maximum of ten (10). 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 What does it mean to incorporate a Business in B.C.? 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. 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. Incorporate BC breaks down the benefits of incorporating and the cons, making the decision easier on whether or not incorporating in Canada is … Registry staff do not provide business or legal advice. Learn how to continue your company out of  B.C. Phone lines are open Monday through Friday, excluding statutory holidays, from 8:30 a.m. to 4:30 p.m. Pacific Time. (known as an extraprovincial company) may also register to conduct business in B.C. Comments will be sent to 'servicebc@gov.bc.ca'. Incorporating a business means to create a separate legal entity to carry on your business. 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. Incorporating your business can provide an instant dose of credibility … Please do not enter personal information such as your name, contact information, or identity numbers. (known as an extraprovincial company) may also register to conduct business in B.C. 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 best way to make sure the name you want is not already active is to perform an official search through a NUANS report. *Don't provide personal information . To see these again later, type "popular topics". If you incorporate provincially, you may have to register and file additional paperwork before you can do business in another province. BC Registries and Online Services staff are available to advise you on how to complete filings that satisfy the requirements specified in legislation. Learn how to continue your company into B.C. For general COVID-19 information, type a question or click on a popular topic below. When opening a bank account, the bank may also ask to see this document. 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. Once you have received that business number, you can open the following accounts with Revenue Canada: 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. Please do not enter personal information such as your name, contact information, or identity numbers. A company incorporated in B.C. Learn why incorporating a company in BC could be the right move for your goals. You need to keep the agreement in your records book. 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 To incorporate a B.C. A company that is a public company (also known as a reporting issuer) must have at least three directors. Which one you choose depends mainly on whether or not you intend to do business in more than one province. 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. 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. Search for registered 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. 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. 's immunization plan. When using Corporate Online you can pay by credit card. 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. B.C. Request Name Approval and Reservation. Incorporation can often save the business owner from personal financial ruin. Incorporation is one of the most important moments in any business’ growth, but for many proprietors, it can often feel overwhelming. In order to incorporate a business, the corporate name being registered must be unique. Save time and money by researching your preferred name choices before you apply. Register your corporation in British Columbia with our online BC Incorporation Package. It is no longer a requirement that there be a resident BC director or that the majority be resident in Canada. The agreement becomes part of the company’s records and must contain: There is no need to file the Incorporation Agreement online. Our online service will assist you in getting your BC business license. In the event debtors come after the business, incorporating limits liability. For general COVID-19 information, type a question or click on a popular topic below. If you require professional advice, please contact a lawyer or an accountant. may register to continue their business (continue their company) outside of B.C. For assistance filing documents, you may also contact BC Registries and Online Services' preferred legal service provider Dye & Durham. Incorporating a business can do just that. 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. This separate entity is called a “company” or “corporation”. Usually the incorporators will become the shareholders and directors once the company is incorporated. You will need your Business Number when applying for a GST number or other accounts at Canada Revenue Agency or the Ministry of Finance. To ensure the public is not confused or misled by similar … On this page. By filing a continuation application, the company retains its corporate history and nine-digit number in the new jurisdiction. Incorporate a limited company; Incorporate an unlimited liability company; Incorporate a community contribution company; Extraprovincial Registrations. *Don't provide personal information . Comments will be sent to 'servicebc@gov.bc.ca'. Hello, I am your COVID-19 Digital Assistant! Our response to COVID-19 | B.C. Phone lines are open Monday through Friday, excluding statutory holidays, from 8:30 a.m. to 4:30 p.m. Pacific Time. Overall, you will want to incorporate your business for two big reasons: (1) to limit your liability, and (2) to reduce your tax burden. A company that has been incorporated outside of B.C. The articles are the rules for the company, shareholders, directors and officers and they become part of the company’s formal records. {"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. To set up a corporation, you have to apply to the federal or a provi… The Business Corporations Act, section 120 states a company must have at least one director. Search for existing business and organization names online or retain the services of a qualified service provider to do this for you. Please seek legal advice to ensure all requirements have been met. Do I need to get a NUANS or Saskatchewan name search report if the BC Company will use a numbered company name? Below are the basic steps for forming (incorporating) a company in B.C. BC Registries and Online Services staff are available to advise you on how to complete filings that satisfy the requirements specified in legislation. We are business start-up lawyers who specialize in incorporations. Liability is one of the more common reasons why people choose to incorporate their small business in Canada. The new Act has eliminated all residency requirements for directors. Ltd), you do not need a name approval and reservation. A company incorporated outside the province may decide to leave its home jurisdiction and continue their company in to B.C. Keep reading or incorporate now. A director must be an individual. Click or tap to ask a general question about COVID-19. 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