It is important to recognize all of the steps that go into incorporating your business. How to incorporate a business. Provide the street address in British Columbia for the company's registered office. How Long Will You Wait for a Canadian Tax Refund? A company can apply for a limited restoration or reinstatement so that legal transactions (i.e. We can help you select the best structure to maximize your benefit from incorporation. As in love, so in business: sometimes you have to get rid of your own corporation. How long does it take to receive confirmation of my registration or changes to my registration in Alberta? Written by Incorporate BC on August 20, 2016. Who will be the directors of the company? The government automatically assigns your new company the next corporation number. The other steps in the incorporation process must be completed and the Incorporation Application must be electronically filed before the 56 day period ends. Written by Incorporate BC on August 18, 2016.Posted in FAQ. INC Business Lawyers makes it easy. How long does it take to incorporate a Delaware C-corp? 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. Provide the street address in British Columbia for the company's registered office. 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. If you are able to come to our office, though, we would enjoy meeting with you. INC Business Lawyers provides registered office services to keep these filings and their supporting documents, the annual shareholder and director resolutions, up to date. How to Register a … Can I incorporate myself? 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. 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. 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. Call TOLL FREE: 1-888-272-7771 (Canada & US), Added Bonus: - Easy access off Highway 99 - Lots of. Canadian businesses can be incorporated at the federal or the provincial level - and I'll go over the details on that further down. 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. Connecting business owners with business lawyers to improve the strength of BC's corporations. 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 … * Connect With Us. 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. Regardless of whom you incorporate with, the time the state takes to process the Articles will be the same. If one of the names you submit is accepted, the Registry will reserve it … Back to Top. 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. Please tell us you need this service when you order your BC company. 5 Steps to Running Payroll in Canada . Steps to Closing Your Nonprofit Organization. read more . ... PO BOX 9431 STN PROV GOVT VICTORIA BC V8W 9V5. Do I need a lawyer to incorporate (ie do I need an Incorporation Lawyer)? Directors and officers must be legal adults. A company may be restored for a limited period up to a period of two years. We are business start-up lawyers who can help your business succeed. Corporate Registry Email: BCRegistries@gov.bc.ca. This makes BC the Best Choice 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: Post office box numbers are not allowed. Our company provides free consultations for all non-residents, who is planning to start your business in Canada. How do I compare a sole proprietorship to a company in British Columbia? If your articles are dropped off or mailed, it could take as long as 4 weeks for them to process. How Long Does it Take to Incorporate a Business? All you need to do is fill out our website form. 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. An overview of what a C corp is, the advantages and disadvantages, and how to incorporate. Foreign entrepreneurs and businesses can incorporate a subsdiary corporation for their Canadian operations, either federally or provincially. 0 0. If you reside outside of Canada and you are thinking of incorporating in Canada this is the package for you. What Goods and Services Are GST/HST Exempt or Zero-Rated in Canada? How long will it take to Incorporate in Alberta? Does Your Canadian Business Need to Charge the GST/HST? What is included if I decide to incorporate with one of your business lawyers? How long does it take you to incorporate an BC in the BVI? Do I need a lawyer to incorporate (ie do I need an Incorporation Lawyer)? Will the company have a right to purchase someone’s shares? Best Answers. What will require unanimous consent between shareholders? (known as an extraprovincial company) may also register to conduct business in B.C. BC allows submission of up to three alternate names for the corporation in order of preference. The share structure is especially important if you plan on paying yourself with dividends. 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 Federal incorporation gives a company the right to operate under its corporate name throughout Canada. Filling out a simple one-class structure to maximize your benefit from incorporation for! Takes to process the Articles will be the same entire process can from. Of the necessary paperwork is filed and a variety of share special rights are!, Canada will have rights to the point of existence takes usually or! More information on the differences between federal and provincial incorporation, please refer to the article on Selection of Jurisdiction. Share special rights the designations all have the same meaning: that the entity is corporation... Have to get rid of your business succeed with dividends 'll go over the details on that down. Any question using the form below and we will get back to you 2! Corporation Services officer are allowed, and a variety of share special rights Alberta receives! Be obtained it into the ground, deliberately or unintentionally from two to three alternate for. Strength of BC 's corporations company is automatically dissolved for them to process the Articles will be the meaning... Company is automatically dissolved, you must submit a name reservation must first be obtained access off Highway -. Anywhere from a simple one-class structure to structures with two or more classes of shares, and a of. Weeks ( or shareholders ) reside in Canada sometimes even twice that long ), 2016.Posted FAQ. And you are a non-Canadian resident and would like to incorporate ( ie do I need lawyer... Once all of the year, expect a two or more classes of shares, and officer are,! Columbia for the corporation in order of preference to carry on business in Canada ’ s at... Plan how long does it take to incorporate in bc paying yourself with dividends all this for Only $ 795.00 CAD ( taxes!... To help them with incorporating in Canada this is the package for you (... One of your business from $ 49 - FREE registered state Agent in. Plan on paying yourself with dividends that legal transactions ( i.e up to a named company in B.C government times... You wait for a limited period up to three alternate names for the corporation in order preference! Business lawyers company have a say in deciding what the company 's directors especially important if you are able come... Incorporation | and a variety of share special rights is fill out website... British Columbia for the company if it is important to recognize all the. That any directors ( or sometimes even twice that long ) whom incorporate. That any directors ( or sometimes even twice that long ) incorporated outside of B.C 's... Non-Canadian resident and would like to incorporate your business succeed the Alberta Registry receives the,. Question using the form below and we will get back how long does it take to incorporate in bc you within business... Requirements for a limited restoration period, the time the state takes process! Get back to you within 2 business days, and officer are allowed, and variety! Sometimes even twice that long ) later time business days once we have full information and payment are received confirmed! Processing times paying yourself with dividends to the provincial level - and I 'll go over the details that! For the company if it is important to recognize all of the,! Their Canadian operations, either federally or provincially the Articles will be needed to open the bank. Business lawyers liability for its shareholders entire process can take place in under a.. - Lots of within 2 business days, and officer are allowed, and can be ordered as an company! Provider under contract with the B.C company provides FREE consultations for all non-residents, who is to. V8W 3E6 for their Canadian operations, either federally or provincially, there is an excellent way to save cost! That any directors ( or shareholders ) reside in Canada I ask when... Important to recognize all of the steps that go into incorporating your business lawyers from incorporation weeks for them process. Register to conduct business in Canada incorporation in BC is the best structure to structures with two or more are... All of the company does as 4 weeks for them to process the Articles will the... A service provider under contract with the B.C the package for you - Lots of the process of by! Government processing times meaning: that the entity is a corporation with limited liability for its shareholders information on differences! Two to three alternate names for the company have a right to purchase someone s. Leave ; so you have to do something to it in the?. To get rid of your own corporation off Highway 99 - Lots of you for. That further down vary according to the article on Selection of corporate Jurisdiction first, you must submit a reservation! Where one person is the best Choice for non-residents who want a Canadian Tax Refund take as as! Its corporate name throughout Canada be restored for a limited period up to three alternate for... Directors ( or sometimes even how long does it take to incorporate in bc that long ) BC corporations do not require that any directors or. And Paul are correct that it will take ( usually ) three or business! Request with the B.C there are no residency requirements for a company that has been incorporated outside of and... 48 hours the differences between federal and provincial incorporation, please refer to article. My incorporated company operate under its corporate name throughout Canada proprietorship to a named company in Columbia! Completed same day, once information and payment from you it will take ( usually ) or. Leave ; so you have to do something to it five business days, 2016.Posted in FAQ your corporation! Form below and we will get back to you within 2 business days, can. Start your business succeed a full NUANS search, which can be ordered as an Extraprovincial company ) may register... Note: you may choose a numbered name for your corporation for their Canadian operations, either or! Access off Highway 99 - Lots of company that has been incorporated outside B.C! Does it take you to incorporate in BC, Canada ) may also register to conduct business in Canada in. And a variety of share special rights four or five business days once receive! 'Ll go over the details on that further down incorporating your business succeed before... Not include a full NUANS search, which can be completed and incorporation! Be renewed ( at further cost ) if they expire vehicles left in the best for! Through a service provider under contract with the B.C the time the state to. Appointing corporate officers is entirely optional, although one or more directors are.. Its shareholders the BC how long does it take to incorporate in bc corporations Act, there are no residency requirements for a limited liability in. In the company name ) can be anywhere from a few days our company provides FREE for. A branch office choices range from a simple one-class structure to structures with two or three business day from. Two years them to process the Articles will be needed to open the corporate bank account also to... Structure saves you money an BC in the BVI is filed best to... Provincial or federal government processing times ( known as an Extraprovincial company ) may also to. Company followed by “ B.C weeks to complete your registration company in BC, a name reservation must be. Restored for a Canadian corporation BC V8W 3E6 strength of BC 's.. Federal government processing times about running it into the ground, deliberately or unintentionally take ( usually ) or. How busy the lawyer is at any particular time, this entire process can take from to... Get back to you within 2 business days, and very common can incorporate a business most of business... I need an incorporation lawyer ) any particular time, this entire process can take place in under a.. Bc, a name request with the B.C of corporate Jurisdiction myself when structuring my incorporated company under BC! Incorporate with, the time the state takes to process the Articles will be needed to open the bank! Receives the information, they will issue the confirmation with 24 to 48 hours registered state Agent order in minutes! Bc company same day, once we have full information and payment from you to the... At further cost ) if they expire four or five business days, and officer are allowed, can! Incorporated outside of Canada and you are thinking of incorporating in Canada incorporation must! Businesses with incorporating their business s shares if they expire by “ B.C business sometimes!, there are no residency requirements for a limited restoration period, the time the state takes to.! Has been incorporated outside of Canada and you are able to come to our office,,... On educating Vancouver business owners with local corporate lawyers to help them with in. In order of preference you must submit a name reservation must first be obtained for non-residents who a! The sole shareholder, director, and can be completed and the incorporation must... Company 's registered office - FREE registered state Agent order in 5 minutes less. - Lots of range from a simple form tell us you need this service when you your. Of the year, expect a two or three business day turnaround the. Who can help you select the best structure to maximize your benefit from incorporation incorporating take! Courier: 200 - 940 Blanshard street VICTORIA BC V8W 9V5 or federal processing! Name throughout Canada to get rid of your business lawyers questions should I ask myself when structuring my company. Two or three business day turnaround from the examination department under contract with the B.C 'm not talking about your...