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 […]
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RSS feed for this sectionFormation of a new company in British Columbia
One or more persons may form a new company in the province of British Columbia by (a) entering into an incorporation agreement, (b) filing with the registrar an incorporation application, and (c) complying with the British Columbia Business Corporation Act. British Columbia Incorporation Agreement To incorporate a company in BC, the Business Corporations Act states […]
Start a Business in Canada without Living in Canada
Are you a non-Canadian who would like to open a company in Canada? If you are a Non-Canadian resident interested in starting a new business in Canada without living in Canada, you can do it. Certain Canadian provinces and territories allow Non-Canadian residents to register and start new companies without the need to live or […]
Tax Residency for Business Entities in British Columbia
A corporation will generally be considered resident in Canada for tax purposes if either it was incorporated in or continued into Canada or its central management is situated in Canada. An applicable tax treaty will also be considered when determining residency. Tax Rates for Business Entities Income Tax. A corporation resident in Canada must pay […]
Business Entities in British Columbia
The most common form of business vehicle used in British Columbia is the corporation. Corporations can be incorporated under the provincial Business Corporations Act. However, corporations can also be incorporated federally under the Canada Business Corporations Act. The provincial Business Corporations Act was recently updated and provide considerable flexibility over the Canada Business Corporations Act […]
What Incorporation Means
Companies are incorporated in B.C. under the Business Corporations Act. The Act gives incorporated companies: All the powers of an individual An independent existence – separate and distinct from its shareholders An unlimited life expectancy A company can acquire assets, go into debt, enter into contracts, sue or be sued. Company Formations Canada provides fast […]
Incorporated Companies in British Columbia
Incorporated Companies. In B.C., incorporation creates a legal entity known as a corporation, commonly referred to as a company. Three types of companies may be created through incorporation: Limited company (most common) Unlimited liability company Community contribution company Why should I incorporate? One of the most frequently asked questions by entrepreneurs starting a new business […]
Incorporating a Limited Company in British Columbia
Below are the basic steps for forming (incorporating) a company 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. Please seek legal […]
Starting a Business in British Columbia Canada When You Already Have a Business
Are you a non-Canadian who has an established business in your own country and would like to start a business in Canada? Or are you a non-Canadian who would like to open a company in Canada? Then this article is for you. Starting a Business in British Columbia When You Already Have a Business Expanding […]
Types of Corporations in British Columbia
In British Columbia, there are two types of corporations: a business a not-for-profit Business Corporations A corporation is its own legal entity (i.e. a pretend person), unlike a sole proprietorship or a partnership. The corporation owns the assets and has the liabilities, not the shareholders (or the directors). A corporation may own property in its […]
