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