British Columbia, Canada has one of North America’s most competitive, flexible, and supportive business climates. British Columbia consistently receives favorable credit ratings. British Columbia vast resources, competitive taxes, stable and well-regulated financial system and fiscally responsible government attract investment from around the world.
OVERVIEW OF TYPES OF BUSINESSES IN BRITISH COLUMBIA
There are several ways to set up a business in British Columbia, Canada. Choose the business structure that gives you the most flexibility:
A company may be incorporated under federal or provincial legislation and either publicly traded or privately held. It operates as a separate legal entity and has rights and liabilities, including the right to own property.
A sole proprietorship is the simplest form of business. It is unincorporated, operated by a single individual and taxed at the owner’s personal tax rate.
A general partnership is typically a business arrangement between two partners who share the profits and losses from the business. They also share unlimited liability for the obligations of the partnership.
A limited partnership has both general partners responsible for the business with full liability and limited partners, whose liabilities for the obligations of the company are limited to the amount of their investment. British Columbia has a simple process to register a business.
A joint venture is an agreement (usually written) between at least two entities. It may be a general partnership, a limited partnership, co-ownership of property, or an incorporated company. A business that already exists outside British Columbia may register to do business within the province.
British Columbia Incorporation Service
Company Formations Canada provides fast and easy British Columbia Incorporation Service to Canadian residents and non-Canadian residents wishing to start and operate a new business in British Columbia and Canada:
British Columbia Incorporation service for Canadians
British Columbia Incorporation Service for Non-Canadians residents
British Columbia Extra-Provincial Registration
British Columbia Registered Agent Services
Foreign Company Registration in British Columbia
