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 minutes 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 advice to ensure all requirements have been met.
Step 1: Request Name Approval and Reservation
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. If you choose to use the incorporation number as the company’s name (for example 0123456 B.C. Ltd), you do not need a name approval and reservation. The incorporation number is assigned by us at the time the incorporation application is filed.
Step 2: Establish Your Company’s Articles
The articles are the rules for the company, shareholders, directors, and officers and they become part of the company’s formal records.
Step 3: Prepare an Incorporation Agreement
An incorporation agreement must be signed by each person (incorporator) forming the company. Usually, the incorporators will become the shareholders and directors once the company is incorporated.
The agreement becomes part of the company’s records and must contain:
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 The number of shares of each class being taken by each incorporator.
Step 4: File an Incorporation Application
Submit your incorporation application to the BC Registries office. 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.
Step 5: Keep Documents as Part of Your Company’s Records
Once your application is processed and payment received, the British Columbia registries office will send you the following documents by email or mail (depending on the notification method you selected):
- 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
Keep these documents as part of the company’s records. You will need the incorporation number when you file other documents with us. You will need your Business Number when applying for a GST number or other accounts at Canada Revenue Agency or the Ministry of Finance.
British Columbia Incorporation Service for Canadian residents [ Incorporate Now Online ]
British Columbia Incorporation Service in 24 Hours for only $129 plus Govt fees. Business Corporations are incorporated in British Columbia, according to the provisions of the British Columbia Business Corporation Act with the British Columbia Corporations Division. Company Formations Canada provides fast and easy British Columbia Incorporation Service and provides all the documents your new British Columbia corporation will need to stay up-to-date and in compliance with the British Columbia Business Corporation Act.
Why should I incorporate?
One of the most frequently asked questions by entrepreneurs starting a new business is: “Should I incorporate?” The answer to this question is usually: “That depends on your particular situation and your particular needs.” Among the factors to consider in making this decision are the benefits of incorporating (versus operating the business as a sole proprietorship or partnership) and the implications that incorporation may have for the business.
Benefits of incorporating
- Separate legal entity
- Limited liability
- Lower corporate tax rates
- Greater access to capital
- Continuous existence
British Columbia Company Registration for Non-Canadian residents [Register your New Company in BC ]
Incorporating in British Columbia Canada – British Columbia Incorporation for Non-Canadians for only $2200 (All-Inclusive.) Company Formations provides fast and easy Company Registration in British Columbia for non-Canadians residents and provides all the documents your new British Columbia corporation will need to stay up-to-date and in compliance with the British Columbia Business Corporation Act.
British Columbia Incorporation Fees:
Our British Columbia Incorporation Service includes:
- British Columbia Name Search Report
- Preparation of Articles of Incorporation and Incorporation Documents
- British Columbia Incorporation Agreement
- British Columbia By-Laws, Company Minute Book, Share Certificates
- British Columbia Canada Registered Agent Service for 1 year
- British Columbia Government Fees
- Our Service Fees
- Original Certificates
- Copy of Documents in PDF