When starting a new business in British Columbia, it’s essential to select the business structure that best supports your goals. Business structures are chosen for the most part to comply with tax law, which treats each type of structure differently. There are three types of legal structures for a business: Sole proprietorship, partnership (which is […]
Tag Archives | British Columbia Corporations
Administrative requirements of British Columbia Corporations
Your British Columbia corporation must file certain documents with the British Columbia Corporate Registries Office, including: articles of incorporation annual returns notices of any changes in the board of directors notices of any changes in the address of the registered office articles of amendment if changes to the structure of the corporation are made. Your […]
British Columbia Corporations 101
Most people have heard that registering a new British Columbia corporation provides “limited liability” — that is, it limits your personal liability for business debts. What you may not know is that there’s more to creating and running a corporation than filing a few papers. You’ll need to keep good records to handle the more […]
Registering a Foreign Corporation in British Columbia
Step 1: Request Name Approval and Reservation The first step for a foreign entity to register in B.C. as an extraprovincial company is to apply for name approval. The name reserved must be the foreign entity’s own name in its current jurisdiction. If the foreign entity’s own name is not available, the foreign entity may […]
Starting Your Business in British Columbia Checklist
Where do I start? tasks to be undertaken resources Evaluate your idea Is your idea feasible? Can you make money from this venture? Market Research Test the viability of your idea by researching the market, industry, and competition Develop A Business Strategy This is an essential step and critical for the planning and success of […]
British Columbia Incorporation FAQ: Should I Incorporate?
A corporation in British Columbia is a legal “person,” which can be created under provincial business corporation act. As a person, a corporation has certain rights and obligations such as the right to do business and the obligation to pay taxes. Sometimes one hears of a law referring to “natural persons.”That is to differentiate them […]