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