To incorporate a company in BC, the Business Corporations Act states that one or more persons may form a company by entering into an incorporation agreement, establishing articles for the company which sets out its rules for conduct and by electronically filing with the Corporate Registry an Incorporation Application.
A company must have articles that
- (a) set rules for its conduct,
- (b) are mechanically or electronically produced, and
- (c) are divided into consecutively numbered or lettered paragraphs.
The articles of a company must
- (a) set out every restriction, if any, on
- (i) the businesses that may be carried on by the company, and
- (ii) the powers that the company may exercise,
- (b) set out, for each class and series of shares, all of the special rights or restrictions that are attached to the shares of that class or series of shares,
- (c) subject to subsection (5),
- (i) set out the incorporation number of the company,
- (ii) set out the name of the company, and
- (iii) set out, in the prescribed manner, any translation of the company’s name that the company intends to use outside Canada.
Without limiting subsections (1) and (2), the first set of articles of a company incorporated under this Act must
- (a) have a signature line with the full name of each incorporator set out legibly under the signature line, and
- (b) be signed on the applicable signature line by each incorporator.
Without limiting subsections (1) and (2), a company may, in its articles, adopt, by reference or by restatement, with or without alteration, all or any of the provisions of Table 1 and, in that case, those adopted provisions form part of the articles.
After the recognition of a company, any individual may insert in the company’s articles, whether or not there has been any resolution to direct or authorize that insertion,
- (a) the incorporation number of the company, and
- (b) the name and any translation of the name of the company.
Despite any wording to the contrary in a security agreement or other record, a change to a company’s articles in accordance with subsection (5) does not constitute a breach or contravention of, or a default under, the security agreement or other record, and is deemed for the purposes of the security agreement or other record not to be an alteration to the charter of the company.
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
