In such case, you may wish to create classes of non-voting shares and issue such shares to the investors. Contact BUSINESS LAW GROUP WE'VE MOVED! Login. Note: In July 2017, the federal government provided details of its plans to review … Posted in FAQ. 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. 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. Ask us any question using the form below and we will get back to you within 2 business days. Copyright © 2021 Incorporate BC | Incorporating in BC, Vancouver BC Incorporation |. 647-945-8873. Registry staff do not provide business or legal advice. If you are incorporating your business, you may require a business incorporation lawyer to overlook documents and shareholder agreements. 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. Every year, every BC company needs to file something called an “annual report”, which is essentially a notice to the government that says “hey! Some provinces, like British Columbia, don’t have a resident Canadian director requirement. You may read the … Any advantage of doing in package? Your Choice for Incorporating in BC info@incorporatebc.ca. Having a lawyer do your incorporation ensures that your company has different types of shares and is prepared for future expansion or change. For more information on what is required to incorporate a company, see a few of our videos below. Unfortunately, this is one of those times when assuming makes an... well, it makes you look bad. 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. 290 – 13777 Commerce Parkway, Username or email * Password * Remember me Login. You can prepare and file the articles of incorporation yourself. 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. 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. What questions should I ask myself when structuring my incorporated company? 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. How do I compare a sole proprietorship to a company in British Columbia? 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. ... Do I need to come and see you in person to incorporate? With LawDepot's incorporation package, you simply answer a short questionnaire and your business will be incorporated in as few as 1-2 days. Any person can incorporate a company. It's true that some people will be able to navigate the incorporation process without a lawyer, but most of those DIY kits … The articles are the rules for the company, shareholders, … From small mom and pop stores to large corporations, our business incorporation lawyers have you covered. Do I need a lawyer to get Articles of Incorporation filed? 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. 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 require professional advice, please contact a lawyer or an accountant. Should I incorporate? How to Incorporate a Business in British Columbia by yourself. Register. When submitting the name approval request, one can submit up to 3 names for approval. If you require professional advice, please contact a lawyer or an accountant. 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 … Filing Articles of Incorporation online is the easiest way to incorporate your business. If you do not wish to submit the application online, you will then need to contact a lawyer to do it for you. 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. If we think that your name choices will not be approved by the Registrar, we will ask you to come up with other names. At Incorporate BC, we want to help connect you with startup incorporation lawyer for structuring your business. How do I incorporate? It should be noted that there is a fee for this $105.00 ($100 plus GST). By assisting you with the incorporation and post-incorporation matters, we ensure your company is set up properly. We will also assist you in preparing and filing the annual report, together with related directors’ and shareholders’ resolutions. Sidhu Lawyers offers business law and incorporation services in Surrey, BC. Do I need a lawyer to incorporate (ie do I need an Incorporation Lawyer)? Most business owners will at some point decide whether or not to incorporate. 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). There is no legal requirement that an attorney incorporate your business. 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. https://cbelaw.com/do-i-need-a-lawyer-to-incorporate-a-company a) Do it yourself (DIY) method. Connecting business owners with business lawyers to improve the strength of BC's corporations. 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. We will prepare Articles tailor-made to your company’s needs, setting out the special rights and restrictions of the different classes of shares. No, you do not need a lawyer to incorporate your business. No products in the cart. … 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. No. 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. There is no legal requirement to retain a lawyer to incorporate a company. We’re still alive!” BC Incorporation Package comes with with name approval, Minute Book, HST, Payroll and More. 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? 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.. You can prepare and file the government forms yourself. ^ Back to the Top. Do I need to get a NUANS or Saskatchewan name search report if the BC Company will use a numbered company name? ... (LLPs) also exist in Canada, but they are usually only available to groups of professionals, such as lawyers, accountants, and doctors. The incorporation number is assigned by the Corporate ... contact a law firm or registry agent to submit the forms on your behalf. First, you can complete the incorporation documents yourself. Setting up a Company It may take up to 7 business days for the name approval request to be processed. BC Registries and Online Services staff are available to advise you on how to complete filings that satisfy the requirements specified in legislation. Business owners sometimes feel more assured by hiring a lawyer to incorporate. Registry staff do not provide business or legal advice. Incorporating online can cost as low as $100 or $199; however, you have not created a valid corporation. At law, a corporation is considered a separate legal person and can enter into contracts, borrow money and own property. BC Registries and Online Services staff are available to advise you on how to complete filings that satisfy the requirements specified in legislation. In fact, if you have the extra time and money, we encourage you to hire a lawyer. 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. Member of Corporations Canada. We will explain to you these duties and liabilities, and how to minimize exposure to liability. What questions should I ask myself when structuring my incorporated company? Login. The law firm or registry agent will charge you a service fee, in … You have two choices: either hire a lawyer or do it yourself. Steps to Incorporation. A law firm can provide legal and practical advice and a customized … What is the difference between mediation, arbitration and litigation? Incorporate BC is 100% privately owned. White Rock, BC Canada, V4A 6E7. In 2001, many provincial governments changed their incorporation laws to include professionals. Incorporate BC connects business owners with local corporate lawyers to help them with incorporating their business. 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. A lawyer is always a valuable resource in terms of giving legal advice. 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. Now we get to the most important part: actually preparing and filing the incorporation documents. https://www.incorporatebc.ca/do-i-need-a-lawyer-to-incorporate Username or email * Password * Remember me Login. The lawyers at Taylor & Taylor Law regularly advise clients in Langley, Surrey and the BC Lower Mainland regarding the incorporation process. 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. We take care of the legal matters so that you can focus on managing your business. However, Direct Incorporation is an accessible alternative for entrepreneurs who require precise, efficient incorporation services for a fraction of a lawyer's fees. You do not need a lawyer to incorporate. Connecting business owners with business lawyers to improve the … Do I need a lawyer to incorporate? You may need to obtain legal or accounting advice regarding the use of these documents. 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. ... Vancouver BC; Tel: 647-945-8873 (9:00 AM to 7:00 PM EST) … We will create a Records Book to retain the Certificate of Incorporation, Incorporation Application, Incorporation Agreement, Notice of Articles and Articles of the company. Small Business Incorporating a Canadian Business Can You Set up an LLC in Canada? ... We’ve created an efficient process where you speak to a lawyer … What is included if I decide to incorporate with one of your business lawyers? 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 will assist you in determining which type of share structure is most suitable to your business. Richmond, BC Canada, V6V 2X3, 205 – 1676 Martin Drive Lost your password? We Keep Your Company in Good Standing. 647-945-8873. 0 $ 0.00. What is WSB? Do I need a Corporate Seal or Physical Minute Book? An attorney is not a legal requirement for incorporating a business in Canada. Why choice for … 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. 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. As an individual, you don't need to register a business name – you can always conduct business under your personal name. Employment Discrimination and Workplace Harassment. We will also prepare documents required by the Business Corporations Act to be kept at its records office. 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. Member of Corporations Canada. Since then, lawyers have been eligible to incorporate their legal practices in Ontario. How do you handle couples going through a divorced but residing in the same home? Lawyers charge anywhere from $1,000 to $2,000 to incorporate depending on the law firm and the complexity. Call: 604.581.7001 Contact us Most municipalities in British Columbia require you to … Incorporate BC Incorporate BC connects business owners with local corporate lawyers to help them with incorporating their business. How do I compare a sole proprietorship to a company in British Columbia? What are mandatory? The rules for who may or may not form an LLP vary from province to province. Written by Incorporate BC on November 16, 2017. ... Steps to Incorporating a Company in British Columbia; Do I need to register a business? The first step in incorporating a company is to reserve a name. ... Do I need import export account? There are also professional corporations, which provide … When should legal counsel be retained in a real estate transaction? By doing so, we save you time and money. 1593 Ellis Street Kelowna, BC V1Y 2A7 Phone: 250-448-5566 Fax: 250-448-8820 E-mail: incorporate@business-incorporation.ca There are however benefits in retaining our services to incorporate a company for you. Establish Your Company's Articles. However, a lawyer is not required to file an incorporation application in British Columbia. Do I need a lawyer to incorporate (ie do I need an Incorporation Lawyer)? Copyright © 2021 Cohen Buchan Edwards LLP. These rights and restrictions may relate to voting rights, entitlement to dividends, redemption rights, wind-up priority etc. In Ontario Street Kelowna, BC LLP vary from province to province 1,000 to 2,000. 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