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 [...]