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Please visit our non-resident incorporation page to read more about how you can incorporate in BC, Canada. There's certainly 50 ways to do that. Approvals are valid for 56 days, and can be renewed (at further cost) if they expire. All this for Only $795.00 CAD (taxes included!). It won't leave; so you have to do something to it. The share structure is especially important if you plan on paying yourself with dividends. Subject to how busy the lawyer is at any particular time, this entire process can take place in under a week. How long does it take to receive confirmation of my registration or changes to my registration in Alberta? Incorporate BC connects business owners with local corporate lawyers to help them with incorporating their business. Name reservation. Call TOLL FREE: 1-888-272-7771 (Canada & US), Added Bonus: - Easy access off Highway 99 - Lots of. INC Business Lawyers provides registered office services to keep these filings and their supporting documents, the annual shareholder and director resolutions, up to date. Before incorporating a named company in BC, a name reservation must first be obtained. We are business start-up lawyers who can help your business succeed. Courier: 200 - 940 Blanshard Street Victoria BC V8W 3E6. Incorporating will take (usually) three or four business days, once we have full information and payment from you. Download our Incorporation Information form now. 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. For each person who will be a director, officer or shareholder in the corporation, supply the full name (first, middle, last – just as printed in a person's birth certificate or valid driver's license or passport) and full street address (not post office box). Post office box numbers are not allowed. FURTHER READING… Learn about corporations. BC allows submission of up to three alternate names for the corporation in order of preference. We can help you select the best structure to maximize your benefit from incorporation. 504-439 University Avenue, Toronto, ON 402-8815 Ave. du Parc, Montreal, QC 2030-10013 River Dr, Vancouver, BC 3275 Parsons Rd, 2nd Fl, Edmonton, AB We now offer an express service for a number of business corporation services. If you reside outside of Canada and you are thinking of incorporating in Canada this is the package for you. Best Answers. How long does it take you to incorporate an BC in the BVI? What Is the Canadian Harmonized Sales Tax (HST)? What Goods and Services Are GST/HST Exempt or Zero-Rated in Canada? Provide the street address in British Columbia for the company's registered office. New express service available. How to Incorporate in BC. Filing timelines vary according to the provincial or federal government processing times. All you need to do is fill out our website form. Incorporate BC helps businesses with incorporating in Vancouver, BC. How to incorporate a business. A company may be restored for a limited period up to a period of two years. How Long Will You Wait for a Canadian Tax Refund? How long will it take to Incorporate in Alberta? What will happen to someone’s shares if they die? Corporate Registry Email: BCRegistries@gov.bc.ca. Our standard BC incorporation package is designed for people who want to make sure that they structure their company properly and to receive high-quality legal advice for how to maximally benefit from incorporation. What questions should I ask myself when structuring my incorporated company? Incorporation does not just involve filling out a simple form. BC corporations do not require that any directors (or shareholders) reside in Canada. British Columbia is an excellent choice choice for a Canadian corporation because the BC Business Corporations Act allows for non-resident directors and provides more flexibility than any other jurisdiction in Canada. * Connect With Us. The Registry allows you to submit up to three names, and will choose the first acceptable name that doesn't conflict with an existing company. 0 0. Getting a named company incorporated to the point of existence takes usually four or five business days once we receive complete incorporation instructions. Who will have rights to the liquidated assets of the company if it is dissolved? A continuation is the term used when a company wants to cease doing … Extras not included in the above price (but please ask): Please do not hesitate to contact us if you have any questions, or continue to our Incorporation Information Form now. Regardless of whom you incorporate with, the time the state takes to process the Articles will be the same. We connect business owners with reputable corporate lawyers in Vancouver who will answer all your questions and make sure you choose the right option for BC incorporation. Federal incorporation gives a company the right to operate under its corporate name throughout Canada. For more about business name elements and the types of names you are allowed to create for each form of business, see the instructions section of the Name Approval Request Form . We pride ourselves on educating Vancouver business owners on incorporating and structuring their businesses. Register an extraprovincial company; Continuations. The government automatically assigns your new company the next corporation number. Approvals are valid for 56 days, and can be renewed (at further cost) if they expire. The company is registered within one working day provided all the necessary information is sent to us, and the documents will be ready in 5 to 6 days after that. If your articles are dropped off or mailed, it could take as long as 4 weeks for them to process. for non-residents who want a Canadian corporation! Can I incorporate myself? How long does it take to incorporate? While the basic procedure for incorporating is the same no matter where you incorporate in Canada, incorporation may be done provincially, giving a company the right to operate under its corporate name in a particular province. Ready to start? Incorporate BC answers your questions on incorporating in BC, benefits of incorporating, how to incorporate, the cost to incorporate in BC, and so much more. Ltd.) The Members create an Operating Agreement, which can be as long or short as the Members want, and which sets out all the rules of the company. A three-element name format is usually the safest choice, especially in BC: distinctive element / descriptive element / legal ending; such as Smith Enterprises Inc. Names with unique first elements are more likely to be approved. How to incorporate a limited liability company in B.C. Incorporate Your Business from $49 - FREE Registered State Agent Order in 5 minutes or less. Can I incorporate myself? Once the Alberta Registry receives the information, they will issue the confirmation with 24 to 48 hours. Posted in FAQ. Back to Top. Download our Incorporation Information form now. Please tell us you need this service when you order your BC company. If there are many Members, appointing Managers is a wise thing in order to control the structure (and spending) of the LLC. This makes BC the Best Choice A number name corporation can be completed same day, once information and payment are received and confirmed. It is important to recognize all of the steps that go into incorporating your business. Learn More from Incorporate BC. A company that has been incorporated outside of B.C. Incorporating your company federally is a four-step process. 5 Steps to Running Payroll in Canada . A company can also choose to use as its name, the incorporation number of the company followed by “B.C. We can act as registered office for the company for a fee of $250 a year, plus applicable taxes and government filing fees — note that this package also includes the annual maintenance that the BC Registry requires. (known as an extraprovincial company) may also register to conduct business in B.C. We can act as registered office for the company, Canadian Virtual Office Incorporation Package, Complete Corporate Records book with corporate tabs, certificate of incorporation, notice of articles, corporate articles, registers of shareholders and directors, share certificates, director and shareholder post-incorporation resolutions, director's consents and share subscriptions, Legal advice with respect to forming your BC company, Choice of company structures designed to suit your needs, If requested, a corporate name knock-out search to ensure that you do not infringe on someone else's name from elsewhere in Canada. Ask us any question using the form below and we will get back to you within 2 business days. The Members can appoint Managers to run the company on a day to day basis. 1. Who will have a say in deciding what the company does? It costs $100 plus the regular service fee, and the service standard is 4 business hours (online) and 1 business day (by email or mail). Book Your FREE Consultation. You are required to apply for restoration by the court if an asset has escheated to the crown, a BC company was dissolved prior to M… Will certain people have options to purchase the company’s shares at a later time. Choices range from a simple one-class structure to structures with two or more classes of shares, and a variety of share special rights. Some years ago, Paul Simon wrote the song "50 ways to leave your lover". Provide the street address in British Columbia for the company's registered office. What will require unanimous consent between shareholders? For more information on the differences between federal and provincial incorporation, please refer to the article on Selection of Corporate Jurisdiction. Note: You may choose a numbered name for your corporation for faster filing results. Depending where you incorporate, it can be anywhere from a few days to a few weeks to complete your registration. Undertaking the process of incorporation by yourself is an excellent way to save the cost of hiring a corporate lawyer. Canadian businesses can be incorporated at the federal or the provincial level - and I'll go over the details on that further down. Copyright © 2021 Incorporate BC | Incorporating in BC, Vancouver BC Incorporation |. Who will be the directors of the company? As in love, so in business: sometimes you have to get rid of your own corporation. outstanding taxation issues, removing or transferring assets or insurance on vehicles left in the company name) can be completed. Most of our business is done by e-mail and phone. ), Duplicate certificate of incorporation, notice of articles and your incorporation application, sent by email, shortly after incorporation, shipping corporate records book outside Canada or continental USA, ordering and shipping a corporate seal (usually not needed, but useful for some), extraprovincial registration in a province outside British Columbia (where needed for your purposes). Starting a Non-Resident Business in Canada Is Possible. Corporations where one person is the sole shareholder, director, and officer are allowed, and very common. After its creation date, expect to receive the original incorporation documents from the Corporate Registry in Victoria, BC, about one week later (if you live in the Vancouver area). Ltd.” (example, 0123456 B.C. In BC, there are three choices of legal ending: Limited (Ltd.), Corporation (Corp.) or Incorporated (Inc.). Under the BC Business Corporations Act, there are no residency requirements for a company's directors. How to incorporate a society in B.C. Do I need a lawyer to incorporate (ie do I need an Incorporation Lawyer)? The ministry charges $300 for filing articles of incorporation electronically and you will also have to pay whatever the service provider charges for its online services. If I was planning to incorporate this business when I registered it, I might choose a name such as Qualicum Beach Antiques Ltd., including a corporate designation in my business name. The other steps in the incorporation process must be completed and the Incorporation Application must be electronically filed before the 56 day period ends. for standard Canadian Federal incorporations. © 2005 - 2020, INC Business Lawyers. The amount of time an individual state takes can vary widely depending on such external factors as the time of year, the state of the economy, the particular state's backlog compared to its staffing, etc. A company can apply for a limited restoration or reinstatement so that legal transactions (i.e. How long does it take to start a California corporation? Book a free consultation with us to incorporate in Vancouver, BC … During most times of the year, expect a two or three business day turnaround from the examination department. Does Your Canadian Business Need to Charge the GST/HST? BC allows submission of up to three alternate names for the corporation in order of preference. Decide upon a suitable share structure. While incorporation isn’t legally required, it can bring a certain amount of legal protection for the business owner(s), potentially reduce your tax liability, and offer … For provincial incorporation details go to: or for federal incorporation details go to: Home | About the Firm | Lawyer Profiles | Blog | Links | Legal | Privacy | Site Map | Contact Us | Meta. Read More. INC Business Lawyers makes it easy. Before incorporating a named company in BC, a name reservation must first be obtained. Those documents will be needed to open the corporate bank account. Will the company have a right to purchase someone’s shares? Source: quora.com. At the end of the limited restoration period, the company is automatically dissolved. What is included if I decide to incorporate with one of your business lawyers? Written by Incorporate BC on August 18, 2016.Posted in FAQ. Written by Incorporate BC on August 20, 2016. How to Register a … Keep reading or incorporate now. Permanent link to page: Copy Cancel . Common or popular words are often rejected. Below are the basic steps for forming (incorporating) a company in B.C. Post office box numbers are not allowed. Steps to Closing Your Nonprofit Organization. Directors and officers must be legal adults. During most times of the year, expect a two or three business day turnaround from the examination department. If one of the names you submit is accepted, the Registry will reserve it … Also, there is an option to expedite the process for fee, and that will shorten your wait time a few days. https://www.incorporatebc.ca/how-long-does-it-take-to-incorporate Since the 1980s, the number of C corporations has diminished while the total number of pass-through businesses such as S corporations, partnerships, and sole proprietorships has tripled. A well-designed business structure saves you tax and saves you money. An incorporated business (exact same thing as a corporation) is considered to be a legal entity that is separate from its owners and shareholders. Read More. I'm not talking about killing your business -- about running it into the ground, deliberately or unintentionally. ... PO BOX 9431 STN PROV GOVT VICTORIA BC V8W 9V5. Incorporation in Canada: Where Can You Incorporate? Dana and Paul are correct that it will take about a week once all of the necessary paperwork is filed. Incorporate an unlimited liability company; Incorporate a community contribution company; Extraprovincial Registrations. A lawyer will guide you through the process of structuring your company, which will require decisions to be made such as: These sorts of questions will allow the lawyer to structure the shares, discuss the possible advantages of a shareholders’ agreement with you, subscribe people for shares and produce the various share certificates and other documents that are required under the law in British Columbia. To incorporate a company, you must file the following documents, most of which have to be filed electronically and sent to the Registrar of Companies: An overview of what a C corp is, the advantages and disadvantages, and how to incorporate. It is now technically possible to incorporate overnight. Step 1: Name your corporation; Step 2: Create your articles of incorporation; Step 3: Establish the initial registered office address and first board of directors; Step 4: Submit and pay the fee ; Note. On this page. (Does not include a full NUANS search, a computerized algorithm search, which can be ordered as an extra. The designations all have the same meaning: that the entity is a corporation with limited liability for its shareholders. How do I compare a sole proprietorship to a company in British Columbia? If you are a non-Canadian resident and would like to incorporate in Canada incorporation in BC is the best option for you. All rights reserved. Looking to incorporate your business in the best way for you? Do I need a lawyer to incorporate (ie do I need an Incorporation Lawyer)? If you are able to come to our office, though, we would enjoy meeting with you. read more . What is included if I decide to incorporate with one of your business lawyers? Registry. Typically it can take from two to three weeks (or sometimes even twice that long). You can later change to a named corporation, though at some extra cost. Appointing corporate officers is entirely optional, although one or more directors are required. Moreover, the BV is still one of the most popular entities to be used as a holding, ... At least 50% of the statutory directors and directors that are authorized to take decisions (i.e. First, you must submit a name request with the B.C. Infringement can result in a lawsuit against your corporation for damages or cause you to lose the right to use the name you chose for your corporation. Our company provides free consultations for all non-residents, who is planning to start your business in Canada. Foreign entrepreneurs and businesses can incorporate a subsdiary corporation for their Canadian operations, either federally or provincially. How Long Does it Take to Incorporate a Business? They may also choose to carry on business in Canada through a branch office. Filing times vary based on your filing method. Besides the necessary questions to understand that are described in the frequently asked question “How long does it take to incorporate?”, a corporation needs: Share certificates to evidence ownership of shares in the corporation; Watch This Video to Learn More. How to Incorporate a Business in British Columbia by yourself. How long does it take to incorporate a Delaware C-corp? In order to open a business bank account using an unincorporated trade name, most banks will require proof that you have registered that trade name with the Corporate Registry. Nova Scotia, for instance, has an agreement with New Brunswick; so, if you incorporate a business in one province, it does not have to be registered in the other. Connecting business owners with business lawyers to improve the strength of BC's corporations. You also may incorporate online through a service provider under contract with the Ontario Ministry of Government and Consumer Services. 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