Product Info
A company registered or incorporated under the Business Corporations Act is called a BC Company. It is recognized as a separate entity from its owners for legal and tax purposes.
Corporations can generally conduct any lawful business as well as the actions necessary to conduct the business, like entering into contracts, owning assets, borrowing money, hiring employees and setting up a bank account of its own.
It is the right choice if you want a business structure with a limited liability
Other names:
- Limited Company
- BC Corporation
Checklist
Who can incorporate:
- One or more individuals who are 18 or up can incorporate a BC company.
- Currently there is no citizenship or residency requirement for people who can be the directors, officers, and shareholders.
What is required to incorporate a BC Company:
- A name approval number from BC for the company (if it is to be a named corporation)
- A physical address or street address in the Province of British Columbia.
- For incorporation process, a minimum of one Director, one Incorporator and one contact person is required. The same person can fill in all three roles.
- For operations purposes and to fully comply, a minimum of one officer and one shareholders are also required.
What you get
After registering the Transition Application, you will receive the following as pdf documents by email: