Richmond, BC Canada, V6V 2X3, 205 – 1676 Martin Drive We will create a Records Book to retain the Certificate of Incorporation, Incorporation Application, Incorporation Agreement, Notice of Articles and Articles of the company. The law firm or registry agent will charge you a service fee, in … It should be noted that there is a fee for this $105.00 ($100 plus GST). Small Business Incorporating a Canadian Business Can You Set up an LLC in Canada? There are advantages and disadvantages to incorporating a practice — these must be weighted against each other to determine if incorporation is a beneficial option. 12. ... (LLPs) also exist in Canada, but they are usually only available to groups of professionals, such as lawyers, accountants, and doctors. Incorporating online can cost as low as $100 or $199; however, you have not created a valid corporation. Connecting business owners with business lawyers to improve the strength of BC's corporations. What are mandatory? You can prepare and file the government forms yourself. BC Registries and Online Services staff are available to advise you on how to complete filings that satisfy the requirements specified in legislation. However, a lawyer is not required to file an incorporation application in British Columbia. Any advantage of doing in package? Ask us any question using the form below and we will get back to you within 2 business days. For more information on what is required to incorporate a company, see a few of our videos below. From small mom and pop stores to large corporations, our business incorporation lawyers have you covered. Username or email * Password * Remember me Login. If the BC company will be using its incorporation number as its name in Alberta and/or Saskatchewan, there is no requirement to complete an Alberta NUANS search report or a Saskatchewan name search. ... Do I need to come and see you in person to incorporate? Having a lawyer do your incorporation ensures that your company has different types of shares and is prepared for future expansion or change. It may take up to 7 business days for the name approval request to be processed. Copyright © 2021 Incorporate BC | Incorporating in BC, Vancouver BC Incorporation |. You do not need a lawyer to incorporate. Consent to Act as Director for each director, Minutes of shareholders approving the incorporation, waiving the appointment of an auditor, and appointing the first directors of the company, Minutes of directors appointing officers, approving the location of the Registered and Records offices, approving the issuance of shares, determining the financial year end and other matters. When should legal counsel be retained in a real estate transaction? https://www.incorporatebc.ca/do-i-need-a-lawyer-to-incorporate White Rock, BC Canada, V4A 6E7. If we think that your name choices will not be approved by the Registrar, we will ask you to come up with other names. The lawyers at Taylor & Taylor Law regularly advise clients in Langley, Surrey and the BC Lower Mainland regarding the incorporation process. Incorporating with a Lawyer: ... Plus, you’ll spend your time and energy away from what you really need to do, which is building your business. By doing so, we save you time and money. you need to select a name for your corporation and do a name search with your state's Secretary of State's office to make sure the name has not been taken by another corporation. Written by Incorporate BC on November 16, 2017. We Keep Your Company in Good Standing. Login. There are however benefits in retaining our services to incorporate a company for you. Your Choice for Incorporating in BC info@incorporatebc.ca. There is no legal requirement that an attorney incorporate your business. 647-945-8873. Unfortunately, this is one of those times when assuming makes an... well, it makes you look bad. No. https://cbelaw.com/do-i-need-a-lawyer-to-incorporate-a-company STEPS TO INCORPORATING A COMPANY IN BRITISH COLUMBIA INTRODUCTION There are different ways to form a business in B.C., ... you do not need a name approval and reservation. We will explain to you these duties and liabilities, and how to minimize exposure to liability. Since then, lawyers have been eligible to incorporate their legal practices in Ontario. Steps to Incorporation. Incorporate BC Incorporate BC connects business owners with local corporate lawyers to help them with incorporating their business. You may read the … In such case, you may wish to create classes of non-voting shares and issue such shares to the investors. An attorney is not a legal requirement for incorporating a business in Canada. The first step in incorporating a company is to reserve a name. If you require professional advice, please contact a lawyer or an accountant. BC Incorporation Package comes with with name approval, Minute Book, HST, Payroll and More. These documents include: Any person acting as a director of a company should be aware that there are many statutes imposing duties on directors and exposing them to liabilities. You have two choices: either hire a lawyer or do it yourself. How do I compare a sole proprietorship to a company in British Columbia? Call: 604.581.7001 Contact us Now we get to the most important part: actually preparing and filing the incorporation documents. The articles are the rules for the company, shareholders, … Connecting business owners with business lawyers to improve the … … How to Incorporate a Business in British Columbia by yourself. No products in the cart. Usually, for a straightforward Ontario incorporation, lawyers will charge a flat fee of approximately $1,500, plus the government filing fees, to incorporate your business for you. issuing actual shares and share certificates; consenting to be a director and/or officer; resolving upon initial and ongoing actions of the company; formulating a working corporate constitution (known as the ‘Articles”, and attended by by-laws in the case of Federal corporate entities). Sidhu Lawyers offers business law and incorporation services in Surrey, BC. At Incorporate BC, we want to help connect you with startup incorporation lawyer for structuring your business. Username or email * Password * Remember me Login. a) Do it yourself (DIY) method. As an individual, you don't need to register a business name – you can always conduct business under your personal name. First, you can complete the incorporation documents yourself. We will assist you in determining which type of share structure is most suitable to your business. ^ Back to the Top. A lawyer is always a valuable resource in terms of giving legal advice. 1593 Ellis Street Kelowna, BC V1Y 2A7 Phone: 250-448-5566 Fax: 250-448-8820 E-mail: incorporate@business-incorporation.ca ... Vancouver BC; Tel: 647-945-8873 (9:00 AM to 7:00 PM EST) … What questions should I ask myself when structuring my incorporated company? 290 – 13777 Commerce Parkway, What is included if I decide to incorporate with one of your business lawyers? There are so many do-it-yourself kits and guides for how to incorporate that a lot of small business owners assume that they don't need a lawyer to do it.. These rights and restrictions may relate to voting rights, entitlement to dividends, redemption rights, wind-up priority etc. By assisting you with the incorporation and post-incorporation matters, we ensure your company is set up properly. Most business owners will at some point decide whether or not to incorporate. What is WSB? Registry staff do not provide business or legal advice. Note: In July 2017, the federal government provided details of its plans to review … Law Society of British Columbia Information: Incorporate of a Law Practice DM1468055 D.Change of corporate name To change the name of a law corporation holding a valid permit, the procedure set out in Law Society Rule 9-6 must be followed. Lost your password? You can prepare and file the articles of incorporation yourself. Member of Corporations Canada. Every year, every BC company needs to file something called an “annual report”, which is essentially a notice to the government that says “hey! What questions should I ask myself when structuring my incorporated company? You may need to obtain legal or accounting advice regarding the use of these documents. If you are planning to incorporate without an attorney, there is a series of steps you will need to take to set up your corporation: First. Any person can incorporate a company. Do I need a lawyer to get Articles of Incorporation filed? How do you handle couples going through a divorced but residing in the same home? No, you do not need a lawyer to incorporate your business. Incorporating in BC Our mission is to connect you the business owner with a reputable corporate lawyer in Vancouver who will help educate you on incorporating and structuring your business through a FREE high-value face-to-face interview. The incorporation number is assigned by the Corporate ... contact a law firm or registry agent to submit the forms on your behalf. What is the difference between mediation, arbitration and litigation? Although it is not a requirement, most people feel more comfortable hiring a lawyer, not only to do the paperwork, but also to ensure that a corporation is the right business structure for your purposes. How do I incorporate? We will also prepare documents required by the Business Corporations Act to be kept at its records office. There are also professional corporations, which provide … Why choice for … We can also act as your Registered and Records Office to ensure your Records Book is kept up to date, in accordance with the requirements of the Business Corporations Act. If you’re ready to begin incorporating a business in British Columbia, call one of our business law lawyers today at 604.581.7001 or complete our online form below. Do I need a lawyer to incorporate (ie do I need an Incorporation Lawyer)? For the past decade, the incorporation lawyers at Patrola Law have formed hundreds of successful incorporations for new startups, growing entrepreneurs and small businesses across BC. The rules for who may or may not form an LLP vary from province to province. Setting up a Company Employment Discrimination and Workplace Harassment. Registry staff do not provide business or legal advice. Do I need a lawyer to incorporate (ie do I need an Incorporation Lawyer)? However, without the technical skills of an Incorporation Lawyer in BC, it is more likely than not that an average person will neglect to carry out the required legislative requirements, such as: An Incorporation Lawyer may be required, and we encourage you to make application to speak with a BC Incorporation Lawyer. It's true that some people will be able to navigate the incorporation process without a lawyer, but most of those DIY kits … When submitting the name approval request, one can submit up to 3 names for approval. How do I compare a sole proprietorship to a company in British Columbia? A law firm can provide legal and practical advice and a customized … In general terms, there are three different ways to incorporate in British Columbia: a) Do it Yourself, b) through a Law Firm, c) online through Ownr. Business owners sometimes feel more assured by hiring a lawyer to incorporate. Non-Dividend Sprinkling Share Structure for a Law Corporation; Incorporation Agreement (Non-Dividend Sprinkling) Articles (Non-Dividend Sprinkling) ... changes in tax laws and case law is imprudent. Do I need a Corporate Seal or Physical Minute Book? BC Registries and Online Services staff are available to advise you on how to complete filings that satisfy the requirements specified in legislation. ... Steps to Incorporating a Company in British Columbia; Do I need to register a business? Register. Most municipalities in British Columbia require you to … In 2001, many provincial governments changed their incorporation laws to include professionals. That means providing you with practical, real-world experience to ensure that your company is legally set up right the first time to maximize incorporation benefits and strategically position … Establish Your Company's Articles. We take care of the legal matters so that you can focus on managing your business. We will prepare Articles tailor-made to your company’s needs, setting out the special rights and restrictions of the different classes of shares. Let’s now consider the different methods of incorporating a company in British Columbia, that is; BC incorporation by yourself, BC incorporation by a service provider, and BC incorporation by a corporate lawyer. 647-945-8873. If you do not wish to submit the application online, you will then need to contact a lawyer to do it for you. Through a FREE high-value face-to-face interview, a startup lawyer will be able to answer all of your questions, evaluate your business, and provide you with advice on how to structure your company. We’re still alive!” Should I incorporate? Incorporate BC is 100% privately owned. However, Direct Incorporation is an accessible alternative for entrepreneurs who require precise, efficient incorporation services for a fraction of a lawyer's fees. Member of Corporations Canada. There is no legal requirement to retain a lawyer to incorporate a company. Before we submit the name approval request, we will review the list of existing companies to determine if your name choices or similar names have already been taken. If you wish to form a BC company or wish to open a branch of your company in BC, contact one of ATAC Law’s lawyers below or call 604-519-0660. ... Do I need import export account? We will also assist you in preparing and filing the annual report, together with related directors’ and shareholders’ resolutions. With LawDepot's incorporation package, you simply answer a short questionnaire and your business will be incorporated in as few as 1-2 days. Incorporate BC connects business owners with local corporate lawyers to help them with incorporating their business. At law, a corporation is considered a separate legal person and can enter into contracts, borrow money and own property. Lawyers charge anywhere from $1,000 to $2,000 to incorporate depending on the law firm and the complexity. British Columbia: None: Manitoba: at least 51% must be resident Canadians: Newfoundland: at least 51% must be resident Canadians: New Brunswick: None: Nova Scotia: None: ... Do I Need an Attorney to Incorporate? As the theory goes, if your corporation is a party to a contract, the corporation alone should be liable for a breach of that contract. Do I need to get a NUANS or Saskatchewan name search report if the BC Company will use a numbered company name? 0 $ 0.00. Copyright © 2021 Cohen Buchan Edwards LLP. Some provinces, like British Columbia, don’t have a resident Canadian director requirement. Contact BUSINESS LAW GROUP WE'VE MOVED! Login. If you require professional advice, please contact a lawyer or an accountant. Do I need a lawyer to incorporate? If you are incorporating your business, you may require a business incorporation lawyer to overlook documents and shareholder agreements. ... We’ve created an efficient process where you speak to a lawyer … In fact, if you have the extra time and money, we encourage you to hire a lawyer. Posted in FAQ. For instance, you may issue shares to investors of your company but you may not want those investors to participate in the operations of the company. Filing Articles of Incorporation online is the easiest way to incorporate your business. 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