Which is Best for Your Business: Provincial or Federal Incorporation?

Once the decision is made to incorporate, business owners must consider whether to register their company as a provincial or a federal corporation.  The following article provides a brief overview of the advantages and disadvantages of both options. Legislation On the provincial level, each province and territory in Canada has their own laws governing the [...]

British Columbia’s New Benefit Company Legislation

British Columbia recently became the first Canadian province to allow the establishment of benefit companies. Businesses can now apply to become a benefit company under the BC Business Corporations Act (the “Act”). What is a benefit company? Maryland was the first state to allow the creation of benefit companies under law. Since then, 36 US [...]

BC Transparency Register

New Requirements for BC Private Companies Effective May 1, 2020, private companies in British Columbia will be legally required to keep and maintain a transparency register containing information about “Significant Individuals”. In summary, Significant Individuals are individuals who have direct or indirect control of a private company or a significant number of its shares. Significant [...]

Building your Board of Directors in British Columbia

Building your Board of Directors in British Columbia   Why does your business even need a board of directors in the first place? The short answer is that the law requires it. The (slightly) longer answer is that they act on behalf of the shareholders to supervise and manage the activities of the business. Directors [...]

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