{"id":5642,"date":"2023-10-03T03:51:52","date_gmt":"2023-10-03T03:51:52","guid":{"rendered":"https:\/\/ownrblog-preprod.go-vip.net\/?p=5642"},"modified":"2024-02-22T20:38:27","modified_gmt":"2024-02-22T20:38:27","slug":"how-to-incorporate-in-british-columbia","status":"publish","type":"post","link":"https:\/\/www.ownr.co\/blog\/how-to-incorporate-in-british-columbia\/","title":{"rendered":"How to Incorporate in British Columbia: The Definitive Guide"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Incorporating a sole proprietorship business is a big decision for any entrepreneur, and not one to take lightly. There are a lot of <\/span><span style=\"font-weight: 400;\">things to consider,<\/span><span style=\"font-weight: 400;\"> and the process can feel overwhelming, confusing, and daunting.\u00a0<\/span><span style=\"font-weight: 400;\">If you\u2019re a business owner contemplating incorporating your business in British Columbia, this is the definitive guide for you.\u00a0<\/span><\/p>\n<h2><strong>What exactly is a corporation?<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">A corporation is a legal entity that is distinct and separate from the owner of the business.\u00a0 Unlike a sole proprietorship, under Canadian law, a corporation has the same rights and legal responsibilities as a person.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you decide to <a href="\&quot;https:\/\/www.ownr.co\/resources\/business-guides\/why-incorporate\&quot;">incorporate your business<\/a>, you can do so either provincially, federally, or both.\u00a0<\/span><\/p>\n<h2 id=\"1-why-incorporate-in-british-columbia\">Why incorporate in British Columbia?<\/h2>\n<p><span style=\"font-weight: 400;\">As an entrepreneur or small business owner in B.C., you\u2019ll want to incorporate your business for two main reasons:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">To limit your liability<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">To reduce your tax burden<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Although these are probably the most common reasons business owners incorporate their businesses, there are <a href="\&quot;https:\/\/www.ownr.co\/blog\/a-guide-what-to-consider-when-incorporating-your-business\/\&quot;">other reasons why incorporating your business in British Columbia<\/a> might be a good idea for you.\u00a0<\/span><\/p>\n<h3 id=\"no-canadian-residency-requirement\">No Canadian residency requirement<\/h3>\n<p><span style=\"font-weight: 400;\">Most Canadian provinces and the Canadian federal government require a corporation to have at least one director who is a permanent resident or Canadian citizen. However, in B.C. there is no citizenship or residency requirement. Many international entrepreneurs choose to incorporate in B.C. because they don\u2019t need to partner with a Canadian director.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Keep in mind that it\u2019s mandatory to have an address in British Columbia to serve as the corporation\u2019s head office address, even if that address is just a \u201cvirtual\u201d office where mail can be received, such as a P.O. box.\u00a0<\/span><\/p>\n<h3 id=\"less-fees-and-paperwork-than-a-federal-canadian-corporation\">Less fees and paperwork than a federal Canadian corporation<\/h3>\n<p><span style=\"font-weight: 400;\">In each province, including B.C., you can choose to incorporate federally with the Canadian government or with the provincial government. When you incorporate federally, you must file documents and pay fees to both the federal and provincial government. So, incorporating provincially in B.C. will result in less overall paperwork and fees.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, incorporating provincially won\u2019t prevent you from operating in other provinces in the future, or even in other countries. You will simply need to register your corporation in those jurisdictions as you expand your operations.<\/span><\/p>\n<h2><strong>Should you incorporate federally or provincially in British Columbia?<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">There are two tiers to incorporate in Canada: <a href="\&quot;https:\/\/www.ownr.co\/blog\/federal-vs-provincial-incorporation\/\&quot;">provincially and federally<\/a>. Here is how they differ:\u00a0<\/span><\/p>\n<h3><strong>Incorporating in British Columbia<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">Incorporating provincially only extends those rights in that particular jurisdiction. So if you incorporate in British Columbia, you don\u2019t have incorporation rights in another province. As a result, your company won\u2019t have the same benefits across Canada. This is where federal incorporation comes in.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">British Columbia incorporation is regulated by the B.C. <\/span><a href="\&quot;https:\/\/www.bclaws.gov.bc.ca\/civix\/document\/id\/complete\/statreg\/02057_00\&quot;"><i><span style=\"font-weight: 400;\">Business Corporations Act<\/span><\/i><\/a><span style=\"font-weight: 400;\">, which sets out definitions, legal obligations and rights, the required documents, and how to file them.\u00a0<\/span><\/p>\n<h3><strong>Incorporating in Canada<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">The advantages of <\/span><a href="\&quot;https:\/\/www.ownr.co\/blog\/guide-to-business-incorporation-in-canada\/\&quot;"><span style=\"font-weight: 400;\">incorporating federally<\/span><\/a><span style=\"font-weight: 400;\"> are much the same as incorporating in British Columbia, but doing both can protect your corporation name across Canada, not just in B.C.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Incorporating your business in Canada falls under the purview of the <\/span><a href="\&quot;https:\/\/laws-lois.justice.gc.ca\/eng\/acts\/C-44\/INDEX.HTML\&quot;"><i><span style=\"font-weight: 400;\">Canada Business Corporations Act<\/span><\/i><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<h2><strong>Steps to incorporating in B.C.<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">There are a few basic steps you need to follow in order to incorporate your business in B.C. They include:\u00a0<\/span><\/p>\n<h3><strong>Choosing and reserving a business name<\/strong><\/h3>\n<p><a href="\&quot;https:\/\/www.ownr.co\/blog\/how-to-name-your-business\/\&quot;"><span style=\"font-weight: 400;\">Choosing a name<\/span><\/a><span style=\"font-weight: 400;\"> for your business can be a little stressful, but ultimately, it\u2019s a fun exercise. There are five steps to confirm whether a business name is available and how to reserve it. The steps don\u2019t necessarily need to be completed in the order outlined below, but it\u2019s a good idea to go through each step before deciding to incorporate.<\/span><\/p>\n<h4><strong>Internet searches<\/strong><\/h4>\n<p><span style=\"font-weight: 400;\">A good first step is to simply Google your preferred name to see if anyone is already using it. Your primary concern should be to identify anyone using the same name or a similar name in B.C. or other parts of Canada. If there\u2019s an international company using a similar name, you may run into future problems with <\/span><a href="\&quot;https:\/\/www.ownr.co\/blog\/copyright-vs-trademark\/\&quot;"><span style=\"font-weight: 400;\">trademarks<\/span><\/a><span style=\"font-weight: 400;\">, but it likely won\u2019t prevent you from incorporating under that name.\u00a0<\/span><\/p>\n<h4><strong>Domain name search<\/strong><\/h4>\n<p><span style=\"font-weight: 400;\">Next, you\u2019ll want to check if a <\/span><a href="\&quot;https:\/\/www.ownr.co\/blog\/finding-the-perfect-domain-name-for-your-incorporated-company\/\&quot;"><span style=\"font-weight: 400;\">suitable domain<\/span><\/a><span style=\"font-weight: 400;\"> is available for your company\u2019s website. This isn\u2019t a legal requirement, but you will almost certainly want to secure a domain to match your corporate name.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You can use a domain name registrar like <\/span><a href="\&quot;https:\/\/www.hover.com\/\&quot;"><span style=\"font-weight: 400;\">Hover<\/span><\/a><span style=\"font-weight: 400;\"> to search and see what\u2019s available. Although most .com\u2019s are taken, there are still plenty of .ca\u2019s, .io\u2019s, .co\u2019s, and other top-level domains (TLDs) available.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Another option many new businesses and startups choose is to add \u201cget,\u201d \u201cgo,\u201d or \u201cmy\u201d at the front of their business name to create an available domain name (i.e. getrhinosandwiches.com).\u00a0<\/span><\/p>\n<h4><strong>Trademark search<\/strong><\/h4>\n<p><span style=\"font-weight: 400;\">You should check if anyone has already registered a <a href="\&quot;https:\/\/www.ownr.co\/blog\/how-to-register-a-trademark-for-your-business\/\&quot;">trademark for your preferred name<\/a>. The Canadian Intellectual Property Office (CIPO) makes it easy to check trademarks using their <\/span><a href="\&quot;http:\/\/www.ic.gc.ca\/app\/opic-cipo\/trdmrks\/srch\/home?lang=eng\&quot;"><span style=\"font-weight: 400;\">online search<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">When searching, you will always want to consider alternate spellings. If your name is similar to one that is already registered, you may not be able to use it, especially if using that name is likely to confuse consumers.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">One final note about trademarks: they are tied to specific goods or services. This means that you may still be able to incorporate under a desired name if your intended use is in a completely different industry. A trademark lawyer can help you navigate the ins and outs of trademarks.\u00a0<\/span><\/p>\n<h4><strong>Legal requirements<\/strong><\/h4>\n<p><span style=\"font-weight: 400;\">Legal requirements are just that: requirements. There are no exceptions to these requirements.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Your business name should have three components:<\/span><\/p>\n<p><b>[Distinctive Element] + [Descriptive Element] + [Legal Ending]<\/b><\/p>\n<p><span style=\"font-weight: 400;\">For example: Rhino Sandwiches Inc.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cRhino\u201d is the distinctive element which promotes the corporation\u2019s brand. \u201cSandwiches\u201d is the descriptive element, as it describes the nature of the corporation\u2019s business. And \u201cInc.\u201d, \u201cLtd.\u201d, or \u201cCorp.\u201d are the legal endings. You can choose one of the three legal endings and there are no legal implications or significant differences between those options. Basically, you can choose what sounds best to you.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">There are many companies that simply have a distinctive element and a legal ending with no descriptive element (i.e. Apple Inc.). But not everyone is Apple and without a descriptive element, there is a higher chance that your name will be rejected for being too similar to existing business names. However, in B.C. you are permitted to list three potential business names in your application, so you can always request a purely distinctive name first and ask for an alternate name if your first choice is rejected.\u00a0<\/span><\/p>\n<h4><strong>Name approval request<\/strong><\/h4>\n<p><span style=\"font-weight: 400;\">Now you\u2019re ready to formally request approval of your preferred corporate name. Before actually filing your incorporation documents, you will need to get your proposed business name approved by <\/span><a href="\&quot;https:\/\/www2.gov.bc.ca\/gov\/content\/employment-business\/business\/managing-a-business\/permits-licences\/businesses-incorporated-companies\/approval-business-name\&quot;"><span style=\"font-weight: 400;\">BC Registry Services<\/span><\/a><span style=\"font-weight: 400;\">. The Name Request Form is a simple document where you can list up to three potential names for your corporation. You are allowed to rank your three choices, so you will get your first choice unless an issue is identified by the examiner.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">All of this can be completed online without the need to conduct a NUANS search. However, going through the process of a NUANS search is strongly recommended.\u00a0<\/span><\/p>\n<h3><strong>Filing the incorporation application<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">Now we get to the most important part: actually preparing and filing the incorporation documents. In general terms, there are three different ways to incorporate your business in British Columbia:\u00a0<\/span><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">Online through <\/span><span style=\"font-weight: 400;\">Ownr<\/span><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Do it yourself (DIY)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Though a law firm<\/span><\/li>\n<\/ul>\n<h2><strong>Incorporating with Ownr<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">At Ownr, we\u2019ve <a href="\&quot;https:\/\/www.ownr.co\/blog\/why-ownr-to-incorporate-your-business\/\&quot;">made incorporating easy and affordable<\/a>. Here\u2019s what <\/span><span style=\"font-weight: 400;\">makes Ownr different<\/span><span style=\"font-weight: 400;\">:<\/span><\/p>\n<p><b>One affordable price<\/b><\/p>\n<p><span style=\"font-weight: 400;\">With Ownr, you can incorporate your company through our intuitive platform. We explain everything in plain language, so you can feel confident navigating throughout. Processes that typically take weeks, involve stacks of paper, and <a href="\&quot;https:\/\/www.ownr.co\/blog\/incorporation-costs\/\&quot;">cost thousands of dollars<\/a> have been transformed into quick, paperless, and affordable tasks that require no legal expertise.<\/span><\/p>\n<p><b>Corporate organizational documents<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Company bylaws, shareholder and director resolutions, share issuances (collectively known as a <\/span><a href="\&quot;https:\/\/www.ownr.co\/blog\/what-is-a-minute-book\/\&quot;"><span style=\"font-weight: 400;\">minute book<\/span><\/a><span style=\"font-weight: 400;\">) and more are all automated through Ownr. That means that you\u2019ll get all the documents you would normally get if you went to a law firm, tailored to your business, and you\u2019ll save time and money in the process.<\/span><\/p>\n<p><b>Automatic company updates<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Anytime your company details change (like when you want to add a new director or change your address), Ownr automatically takes care of the paperwork by filing forms with the government, preparing the required corporate resolutions, gathering eSignatures, and securely storing all documents back into your account.<\/span><\/p>\n<p><b>Secure and organized online storage<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Once you\u2019ve incorporated, all your company\u2019s legal documents are organized and securely stored in your Ownr account.\u00a0<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">Do it yourself (DIY) method<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">It is possible to complete the incorporation documents yourself. Not surprisingly, we don\u2019t recommend this approach and suggest you get professional advice. Here\u2019s why:<\/span><\/p>\n<p><b>No corporate organization documents<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The biggest issue with DIY is you only obtain half of what is required to fully incorporate. The government won\u2019t provide the legally required corporate organizational documents you need to properly structure your corporation. To complete the incorporation, you will need:<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Shareholder resolutions<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Director resolutions<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Shareholder ledgers<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Director and officer registers<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Director consents<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Share certificates<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Corporate bylaws<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Waiver of auditor form<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">That\u2019s a lot, to say the least. These documents aren\u2019t insignificant and are legally required items that won\u2019t be provided when you use the government website alone.\u00a0<\/span><\/p>\n<p><b>One-size-fits-all approach<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The government website has limited flexibility. This means that you won&#8217;t be able to set up customized share classes that suit your business. You\u2019ll be stuck with the website\u2019s defaults. Alternate share classes and customized bylaws can be extremely useful for adding non-voting shareholders, paying <a href="\&quot;https:\/\/www.ownr.co\/blog\/what-is-a-dividend-resolution\/\&quot;">dividends<\/a>, or attracting investors.\u00a0<\/span><\/p>\n<h4><strong>Traditional method: law firms<\/strong><\/h4>\n<p><span style=\"font-weight: 400;\">Traditionally, many small businesses contact a local law firm to get incorporated. This removes all the concerns about the DIY method: you will get customized advice that fits your company\u2019s future goals, and your lawyer will prepare all the corporate organizational documents to properly structure your corporation.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But there is a downside to the traditional method\u2014one that can be prohibitive for many small business owners. The cost is high. Incorporating through a traditional law firm can range anywhere from $1,200 to $1,800, or sometimes more, depending on the complexity.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Apart from the high cost, you\u2019ll need to take time away from your business to call the law firm, set up the appointment, and either drive to the lawyer\u2019s office or pick up the documents or have them couriered to you (and your cost).\u00a0<\/span><\/p>\n<h2><strong>Should I incorporate in B.C.?<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Rather than how to incorporate, you might be wondering if incorporation is right for you and your business at this time. Here\u2019s a short refresher on when and why you should incorporate your business.\u00a0<\/span><\/p>\n<h3><strong>Benefits of incorporation<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">There are five main benefits of incorporating. They include:\u00a0<\/span><\/p>\n<h4><strong>Limited liability<\/strong><\/h4>\n<p><span style=\"font-weight: 400;\">By incorporating, you will separate your personal and business obligations. This protects your personal assets, including your home and car. This is different from if you remained a sole proprietor or a partnership, as you would remain personally liable for the debts of the business.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It is important to remember that directors of corporations may still be responsible for unpaid taxes and unpaid employees\u2019 wages in specific instances.\u00a0<\/span><\/p>\n<h4><span style=\"font-weight: 400;\"><strong>Tax<\/strong> <strong>advantages<\/strong><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Corporations are taxed differently than individuals. Generally, tax rates for corporations are lower than tax rates for individuals. Also, corporations are subject to flat rates of tax, whereas individuals are taxed on a progressive basis.\u00a0<\/span><\/p>\n<h4><strong>Raising money<\/strong><\/h4>\n<p><span style=\"font-weight: 400;\">It\u2019s easier to raise money from investors, as incorporated businesses can sell shares in exchange for <\/span><a href="\&quot;https:\/\/www.ownr.co\/blog\/build-business-credit\/\&quot;"><span style=\"font-weight: 400;\">investment capital<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<h4><strong>Transferable<\/strong><\/h4>\n<p><span style=\"font-weight: 400;\">The ownership of a corporation is easy to transfer, making succession planning that much easier than it is with a sole proprietorship.\u00a0<\/span><\/p>\n<h4><span style=\"font-weight: 400;\"><strong>Continuous<\/strong> <strong>lifespan<\/strong><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Corporations are not limited to the lifespan of the owners. Because they are independent legal entities, they can exist indefinitely.\u00a0<\/span><\/p>\n<h3><strong>Drawbacks of incorporation<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">There are really only two drawbacks to incorporating your business: added expenses and additional paperwork.\u00a0<\/span><\/p>\n<h4><strong>Additional expenses<\/strong><\/h4>\n<p><span style=\"font-weight: 400;\">The initial cost of incorporating your company, as well as ongoing accounting and filling costs, can deter some sole proprietors from the process. That\u2019s when you might need help with the incorporation process, and the long-term financial benefits usually outweigh the initial costs.\u00a0<\/span><\/p>\n<h4><strong>Paperwork<\/strong><\/h4>\n<p><span style=\"font-weight: 400;\">Yes, paperwork is always involved, no matter what you really do. With incorporation, there will be additional paperwork, both initially and yearly. Again, this is where <\/span><span style=\"font-weight: 400;\">Ownr can help you<\/span><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<h2><strong>Frequently asked questions<\/strong><\/h2>\n<h3><strong>How much does it cost to incorporate in B.C.?<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">Simply filig the incorporation documents with the B.C. government runs between $350 to $400. So the obvious advantage of doing it yourself is a temporarily lower cost. However, the costs will likely balloon within the first year to pay for missing items.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The cost to incorporate with Ownr is marginally higher than incorporating yourself, but you\u2019ll get all your documents completed and file properly the first time.\u00a0<\/span><\/p>\n<h3><strong>Do I need a lawyer to incorporate in B.C.?<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">Not at all. Keep in mind that creating the required documents can be very time-consuming, and if there are errors, fixing them could be costlier. There is a far more cost-effective way to go about incorporating your business. That\u2019s where <\/span><a href="\&quot;https:\/\/www.ownr.co\/ca\/en\/incorporation\&quot;"><span style=\"font-weight: 400;\">Ownr can help<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<h3><strong>How do I incorporate myself in B.C.?<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">Incorporating yourself in B.C. is the same as the DIY method. You\u2019ll need to prepare all your minute book documents, then head over to the <\/span><a href="\&quot;https:\/\/www.bcregistry.ca\/business\/auth\/home\/decide-business\&quot;"><span style=\"font-weight: 400;\">BC Registries and Online Services<\/span><\/a><span style=\"font-weight: 400;\"> website to file your documents.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But simply registering your company with BC Registries and Online Services <a href="\&quot;https:\/\/www.ownr.co\/blog\/what-to-do-after-incorporating\/\&quot;">doesn\u2019t mean you\u2019re finished incorporating<\/a> your company. There are <\/span><span style=\"font-weight: 400;\">steps you need to take<\/span><span style=\"font-weight: 400;\"> after receiving your Certificate of Incorporation in order to keep your incorporation status.\u00a0<\/span><\/p>\n<h3><strong>What is a limited company in B.C.?<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">According to the<\/span> <a href="\&quot;https:\/\/www.bcregistrynames.gov.bc.ca\/nro\/WebHelp\/limited_company.html#:~:text=Also%20referred%20to%20as%20a,between%20the%20members%20(shareholders).&amp;text=Shares%20may%20be%20transferred%20without%20affecting%20the%20corporations%20existence%20or%20continued%20operation.\&quot;"><span style=\"font-weight: 400;\">BC Registries and Online Services<\/span><\/a><span style=\"font-weight: 400;\">, a limited company in B.C. is a company that \u201cresults from the process of incorporation, and is formed according to the terms of a special contract between the members (shareholders).\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Basically, a limited company is the same as an incorporated company. The only difference is in the legal ending of the company name, \u201cLtd.\u201d or \u201cInc.\u201d<\/span><\/p>\n<h3><strong>How long does it take to incorporate in B.C.?<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">To file a B.C. incorporation application can take as little as a few hours. Preparing those documents can take longer, and receiving your Certificate of Incorporation can take <\/span><a href="\&quot;https:\/\/www2.gov.bc.ca\/gov\/content\/employment-business\/business\/managing-a-business\/permits-licences\/businesses-incorporated-companies\/processing-times#incorporated-companies\&quot;"><span style=\"font-weight: 400;\">up to 27 days<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Incorporate your business through Ownr<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Using Ownr\u2019s services to incorporate your business will save you time and money. Plus, if you <\/span><a href="\&quot;https:\/\/www.ownr.co\/ca\/en\/incorporation\&quot;"><span style=\"font-weight: 400;\">incorporate with Ownr<\/span><\/a><span style=\"font-weight: 400;\">, you\u2019ll get access to <\/span><a href="\&quot;https:\/\/www.ownr.co\/resources\/perks\&quot;"><span style=\"font-weight: 400;\">exclusive perks<\/span><\/a><span style=\"font-weight: 400;\"> that help set your new corporation up for success. After we help you incorporate your business, we\u2019ll also help you with your <\/span><a href="\&quot;https:\/\/www.ownr.co\/product\/incorporation\/minute-book\&quot;"><span style=\"font-weight: 400;\">minute book compliance<\/span><\/a><span style=\"font-weight: 400;\">. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This is a short introduction to incorporating a business under the provincial laws of British Columbia. <\/p>\n","protected":false},"author":5,"featured_media":5651,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1005],"tags":[133,156,277,368],"class_list":["post-5642","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-british-columbia","tag-british-columbia","tag-business-incorporation","tag-entrepreneurship","tag-incorporate"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How to Incorporate in British Columbia: The Definitive Guide | Ownr Blog<\/title>\n<meta name=\"description\" content=\"Learn how to incorporate in British Columbia with our comprehensive guide. 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