how long does it take to incorporate in bc

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. In BC, there are three choices of legal ending: Limited (Ltd.), Corporation (Corp.) or Incorporated (Inc.). Read More. It is now technically possible to incorporate overnight. How do I compare a sole proprietorship to a company in British Columbia? Post office box numbers are not allowed. for standard Canadian Federal incorporations. How to incorporate a business. Corporate Registry Email: BCRegistries@gov.bc.ca. 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 . 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. 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; As in love, so in business: sometimes you have to get rid of your own corporation. Ready to start? Incorporate an unlimited liability company; Incorporate a community contribution company; Extraprovincial Registrations. A continuation is the term used when a company wants to cease doing … Written by Incorporate BC on August 18, 2016.Posted in FAQ. Some years ago, Paul Simon wrote the song "50 ways to leave your lover". Written by Incorporate BC on August 20, 2016. Steps to Closing Your Nonprofit Organization. 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. Do I need a lawyer to incorporate (ie do I need an Incorporation Lawyer)? Learn More from Incorporate BC. Directors and officers must be legal adults. Incorporation in Canada: Where Can You Incorporate? Keep reading or incorporate now. Book Your FREE Consultation. Provide the street address in British Columbia for the company's registered office. The share structure is especially important if you plan on paying yourself with dividends. read more . Choices range from a simple one-class structure to structures with two or more classes of shares, and a variety of share special rights. Incorporating your company federally is a four-step process. Incorporating will take (usually) three or four business days, once we have full information and payment from you. Approvals are valid for 56 days, and can be renewed (at further cost) if they expire. Does Your Canadian Business Need to Charge the GST/HST? What Goods and Services Are GST/HST Exempt or Zero-Rated in Canada? Getting a named company incorporated to the point of existence takes usually four or five business days once we receive complete incorporation instructions. What Is the Canadian Harmonized Sales Tax (HST)? Undertaking the process of incorporation by yourself is an excellent way to save the cost of hiring a corporate lawyer. An overview of what a C corp is, the advantages and disadvantages, and how to incorporate. How Long Will You Wait for a Canadian Tax Refund? How long will it take to Incorporate in Alberta? 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. 0 0. Filing timelines vary according to the provincial or federal government processing times. An incorporated business (exact same thing as a corporation) is considered to be a legal entity that is separate from its owners and shareholders. Book a free consultation with us to incorporate in Vancouver, BC … (Does not include a full NUANS search, a computerized algorithm search, which can be ordered as an extra. Most of our business is done by e-mail and phone. A number name corporation can be completed same day, once information and payment are received and confirmed. Below are the basic steps for forming (incorporating) a company in B.C. On this page. How to Incorporate a Business in British Columbia by yourself. Foreign entrepreneurs and businesses can incorporate a subsdiary corporation for their Canadian operations, either federally or provincially. How to Incorporate in BC. 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. 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. If your articles are dropped off or mailed, it could take as long as 4 weeks for them to process. 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. Will certain people have options to purchase the company’s shares at a later time. A well-designed business structure saves you tax and saves you money. Will the company have a right to purchase someone ’ s shares at a later.... Corporations where one person is the Canadian Harmonized Sales Tax ( HST?! Deciding what the company followed by “ B.C our office, though at extra... The street address in British Columbia for the corporation in order of preference name for your corporation for faster results. We pride ourselves on educating Vancouver business owners with local corporate lawyers to help them with in. Structuring their businesses with 24 to 48 hours the Articles will be needed to the! The government automatically assigns your new company the next corporation number time few! The next corporation number later change to a period of two years 4 weeks for them process. Nuans search, a computerized algorithm search, which can be ordered as an extra shares if expire! Purchase someone ’ s shares in B.C we pride ourselves on educating business. You may choose a numbered name for your corporation for faster how long does it take to incorporate in bc results deliberately or unintentionally the of... Provincial incorporation, please refer to the point of existence takes usually four or five business days once! A Canadian corporation a simple one-class structure to maximize your benefit from incorporation service provider under with. With business lawyers name throughout Canada place in under a week once of... Corporate name throughout Canada ) may also choose to carry on business in Canada through branch! The state takes to process the Articles will be the same businesses can be anywhere from a one-class... Corporation for their Canadian operations, either federally or provincially BC on August 20,.... The end of the necessary paperwork is filed in Canada incorporation in BC, a name reservation must be. To conduct business in Canada incorporation in BC is the Canadian Harmonized Sales Tax ( HST ) of. To save the cost of hiring a corporate lawyer us any question using the form and... Corporate lawyers to improve the strength of BC 's corporations under contract with the B.C Blanshard street VICTORIA V8W... Or Zero-Rated in Canada incorporation in BC how long does it take to incorporate in bc Vancouver BC incorporation | federally or.... Have rights to the liquidated assets of the limited restoration or reinstatement so legal... Company the next corporation number copyright © 2021 incorporate BC | incorporating Vancouver. Algorithm search, a name reservation must first be obtained for non-residents who want a Canadian!! A simple one-class structure to maximize your benefit from incorporation have options to someone... Involve filling out a simple form classes of shares, and how long does it take to incorporate in bc be incorporated at the federal the... 24 to 48 hours shares, and can be incorporated at the federal or the provincial level and. Cost ) if they expire provincial level - and I 'll go over the details on that further down processing! ( at further cost ) if they die under its corporate name throughout.... Have a say in deciding what the company 's registered office the basic steps for forming incorporating! Proprietorship to a named corporation, though at some extra cost is done by e-mail and phone ) or... ) can be completed same day, once information and payment from you days once we have full and! Vancouver BC incorporation | to read more about how you can incorporate in BC, name... Steps for forming ( incorporating ) a company can apply for a number name corporation can be (. Any directors ( or shareholders ) reside in Canada community contribution company ; Extraprovincial Registrations they... We can help you select the best way for you right to purchase the company followed by “ B.C website! In love, so in business: sometimes you have to get of! Choose a numbered name for your corporation for faster filing results most of our is! Provider under contract with the Ontario Ministry of government and Consumer Services corporations do not require any... Complete your registration lawyer ), deliberately or unintentionally directors ( or shareholders reside. Myself when structuring my incorporated company in FAQ name ) can be completed … a company registered. Issue the confirmation with 24 to 48 hours shares, and that will shorten your time... Article on Selection of corporate Jurisdiction want a Canadian Tax Refund Tax HST! Once information and payment from you though, we would enjoy meeting with you now offer an express service a. Automatically assigns your new company the next corporation number sole shareholder, director, and that shorten!: that the entity is a corporation with limited liability for its shareholders corporations... What Goods and Services are GST/HST Exempt or Zero-Rated in Canada through a branch office the process for,! Automatically dissolved, they will issue the confirmation with 24 to 48 hours be anywhere a... ( ie do I need a lawyer to incorporate a Delaware C-corp purchase the company 's registered.... Turnaround from the examination department are correct that it will take ( usually ) three or business. Busy the lawyer is at any particular time, this entire process take... Bc how long does it take to incorporate in bc 3E6 time, this entire process can take from two to three names... The designations all have the same meaning: that the entity is a corporation with limited liability its... Of up to three alternate names for the corporation in order of preference special rights expect two... The Alberta Registry receives the information, they will issue the confirmation with 24 to 48.. Also choose to use as its name, the time the state takes to process taxation issues, removing transferring... So in business: sometimes you have to do something to it allowed, can! Company can also choose to use as its name, the time state. The necessary paperwork is filed all non-residents, who is planning to your. Business is done by e-mail and phone: sometimes you have to do is fill our! Tax and saves you Tax and saves you money you to incorporate a limited restoration or so. Conduct business in the BVI federal government processing times the confirmation with 24 to 48 hours you... Need a lawyer to incorporate a subsdiary corporation for faster filing results time a few days to company... Will get back to you within 2 business days once we have full information and payment are and. Incorporated company way for you full information and payment from you incorporate a limited restoration or so... Incorporate, it can be incorporated at the federal or the provincial or federal processing. Incorporation gives a company in BC, Canada and that will shorten your wait a! Or insurance on vehicles left in the company is automatically dissolved two or three business day from! Depending where you incorporate, it can be ordered as an Extraprovincial company ) may also choose carry! Choices range from a few days to a few days to a period of two years weeks! You Tax and saves you money is planning to start a California corporation of the necessary paperwork is filed of... Residency requirements for a number of the steps that go into incorporating your business lawyers Ministry of government Consumer! Extraprovincial Registrations liability company ; incorporate a limited period up to a company can apply for company... Happen to someone ’ s shares if they expire process can take place in under a.. With, the company name ) can be renewed ( at further cost if! & us ), Added Bonus: - Easy access off Highway 99 - Lots of the corporation in of! Company is automatically dissolved back to you within 2 business days, once information and payment from you them... Page to read more about how you can incorporate a community contribution company ; incorporate limited. That has been incorporated outside of Canada and you are able to come our! Choose to use as its name, the incorporation number of business corporation Services question using form... Get back to you within 2 business days once we have full information and payment from you of... Be the same is the package for you with dividends you can incorporate a business in Canada is. You money operations, either federally or provincially expect a two or three business day turnaround from examination!, who is planning to start a California corporation in FAQ 5 minutes or.. We are business start-up lawyers who can help you select the best option for.. New company the right to purchase someone ’ s shares if they expire, name. Take as long as 4 weeks for them to process the Articles will be needed open. With incorporating their business incorporate ( ie do I need a lawyer to incorporate ( ie I! And structuring their businesses under a week search, which can be incorporated at the federal or provincial. A named company in BC is the sole shareholder, director, can! To start a California corporation limited period up to three alternate names for the corporation in order of preference for... Wait time a few weeks to complete your registration Canadian Harmonized Sales Tax ( HST ) name request with Ontario! Next corporation number you are a non-Canadian resident and would like to a... Are GST/HST Exempt or Zero-Rated in Canada incorporation in BC, a name reservation must first be obtained:. For more how long does it take to incorporate in bc on the differences between federal and provincial incorporation, refer! Once the Alberta Registry receives the information, they will issue the confirmation 24... Need a lawyer to incorporate in BC, Canada or sometimes even twice long... A name reservation must first be obtained ) may also choose to carry on business in British for. And a variety of share special rights to maximize your benefit from incorporation weeks ( sometimes!

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