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Difference between revisions of "Incorporating a Company"

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==Two types of companies under BC ''Business Corporations Act''==
==Two types of companies under BC ''Business Corporations Act''==
Under BC’s ''[http://www.bclaws.ca/civix/document/id/complete/statreg/02057_00 Business Corporations Act]'', there are public companies and private companies.  
Under BC’s ''[http://www.bclaws.ca/civix/document/id/complete/statreg/02057_00 Business Corporations Act]'', there are '''public companies''' and '''private companies'''.  


A public company has its shares listed and traded on a stock exchange. A private company is typically a small company with very few shareholders (sometimes called a closed corporation) and its shares aren’t offered for sale to the public. This script only applies to private companies in BC.
A public company has its shares listed and traded on a stock exchange. A private company is typically a small company with very few shareholders (sometimes called a closed corporation) and its shares aren’t offered for sale to the public. This script only applies to private companies in BC.


All private BC companies are incorporated online
==All private BC companies are incorporated online==
You can use the BC Registry Services Corporate Online to incorporate a company. And you can pay the fees by credit card.  
You can use the [http://www.corporateonline.gov.bc.ca/ BC Registry Services Corporate Online] to incorporate a company. And you can pay the fees by credit card.  


But consider consulting a lawyer and accountant before incorporating a new BC company online because the standard articles (set of rules that govern the company) and authorized share structure provided online are very simplistic and may not properly meet your needs.
But consider consulting a lawyer and accountant before incorporating a new BC company online because the standard articles (set of rules that govern the company) and authorized share structure provided online are very simplistic and may not properly meet your needs.
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