REG 50/WEB Rev. 2013 / 11 / 13
STEPS TO INCORPORATING A COMPANY IN BRITISH COLUMBIA
INTRODUCTION
There are different ways to form a business in B.C.,
each with its own advantages and disadvantages.
Companies can officially incorporate, or they can register
as a sole proprietorship or a partnership. The decision
to incorporate depends on the specific needs of the
persons involved and the goals of the company.
Companies are incorporated in B.C. according to
the provisions of the Business Corporations Act.
Corporate Registry staff are pleased to provide
information and help you to file documents, but cannot
give business or legal advice. Remember, there is no
substitute for sound, independent and professional
advice.
The provincial government, in partnership with business
development groups, provides a wealth of information
on starting up or expanding a business. For more
information, visit the website www.smallbusinessbc.ca.
There is also information available on incorporating a
company at OneStop service delivery locations, local
Chambers of Commerce, stationery stores and on
various related websites.
When a company is incorporated, it acquires all of the
powers of an individual, as well as an independent
existence – separate and distinct from its shareholders
– and an unlimited life expectancy. In other words, the
act of incorporation gives life to a legal entity known as
the corporation, commonly referred to as a “company”.
A company can acquire assets, go into debt, enter into
contracts, sue or be sued.
Compared to registering a sole proprietorship or a
partnership, incorporating a company includes higher
start-up costs related to professional fees for legal and
accounting services. Carrying on business as a company
will increase the number of filings you are required to
make with the Corporate Registry. For instance, the
Business Corporations Act requires all companies to
file an annual report and also to file any changes to
the location of the company offices and its directors.
The company is also required to maintain certain
corporate records.
STEPS TO INCORPORATING A COMPANY
To incorporate a company in B.C., one or more persons
(called “the incorporators”) may form a company by
completing the following steps:
1) reserve the company’s name with the Corporate
Registry;
2) enter into an incorporation agreement;
3) establish the company’s articles; and
4) file an Incorporation Application with the
Corporate Registry.
This information package covers only the four basic
steps to incorporating a company and is not intended to
be a complete guide.
There are many other steps that must be considered
when incorporating, for example setting up minute
or records books, establishing a central securities
register, issuing share certificates, getting consents from
directors, etc.
Again, Corporate Registry staff are pleased to help you
file the incorporation application, but cannot provide you
with guidance or advice on these other essential steps.
STEP ONE
RESERVING THE COMPANY’S NAME
If the company intends to use a specific name, that
name must be approved and reserved by the Corporate
Registry. This is to ensure the company’s name can
be distinguished from the names of other incorporated
companies and that the name meets specific guidelines
established by the registrar of companies.
Note: Approval of a name by the registrar for the
incorporation of a business does not provide
a proprietary right or interest in the name.
The approval is solely intended to prevent names
of incorporated businesses from being so similar
as to confuse or mislead the public.
This means another business operating in B.C. or
elsewhere, that is not incorporated or registered
with the Corporate Registry could use the same
or similar name as your business.
If it is important that you protect your name
outside B.C. or from any other unregistered
or unincorporated business in B.C., then you
should contact Industry Canada for information
on trademarks. Their website address is
www.strategis.ic.gc.ca.
Mailing Address:
PO Box 9431 Stn Prov Govt
Victoria BC V8W 9V3
www.bcregistryservices.gov.bc.ca
Location:
Victoria BC V8W 3E6
200 - 940 Blanshard Street
The name reservation is for a period of 56 days.
The other steps in the incorporation process must be
completed and the Incorporation Application must be
electronically filed before the 56 day period ends.
A company can also choose to use as its name, the
incorporation number of the company followed by
“B.C. Ltd.” (example, 0123456 B.C. Ltd.) If you choose
to use the incorporation number as the company’s name,
you do not need a name approval and reservation.
The incorporation number is assigned by the Corporate
Registry at the time the Incorporation Application is
electronically filed with the Corporate Registry.
The Name Approval Request form attached allows
you to make a maximum of three choices of names,
in descending order of preference. Please read the
Name Approval Request Instructions sheet carefully
before making your three choices. The fee to submit
online is $30 and a BC OnLine service fee of
$1.50 plus GST.
You can apply for the company’s name in the following
ways:
OVER THE INTERNET:
Go to Name Requests Online at
www.bcregistrynames.gov.bc.ca to submit your
Name Approval Request electronically to the Name
Reservation Unit for examination, at the Corporate
Registry. Payment is by credit card. There is online
information you can access to help you through
the process. The fee to submit online is $30 and a
BC OnLine service fee of $1.50 plus GST.
BY SERVICE BC CENTRE:
Visit your local Service BC Centre office. Upon payment
of the specified fee, they can provide you with the Name
Approval Request form and will submit your request
to the Name Reservation Unit for examination, at the
Corporate Registry. For a location near you, go to
www.servicebc.gov.bc.ca
BY ONESTOP SERVICE DELIVERY LOCATION:
Visit your local OneStop service delivery location.
Upon payment of the specified fee, they can provide
you with the Name Approval Request form and
will submit your request to the Name Reservation
Unit for examination, at the Corporate Registry.
User fees may apply. For a location near you, go to
www.bcbusinessregistry.ca
Note: OneStop service delivery locations are able to
assist with some business start-up information.
Once your business has been established, the
OneStop locations are a great source for business
resource materials.
BY BC ONLINE:
If you have a BC OnLine account you can submit your
request electronically.
BY MAIL:
Submit your Name Approval Request form, with fee
by cheque or money order payable to the Minister
of Finance, to the Corporate Registry, PO Box 9431
Stn Prov Govt, Victoria BC V8W 9V3.
For information regarding completion of your Name
Approval Request form, contact the Corporate Registry
at 1 877 526-1526. Corporate Registry staff cannot
provide legal or business advice.
STEP TWO
ENTER INTO AN INCORPORATION AGREEMENT
Before a company can be formed there must
be an incorporation agreement signed by each
incorporator. This is required even if there is only one
incorporator. Usually the incorporator(s) will also be
the shareholder(s) and director(s) once the company is
incorporated. The Business Corporations Act specifies
that this incorporation agreement must contain:
the agreement of each incorporator to take one or
more shares of the company;
the signature of each incorporator opposite their
full name, along with the date each incorporator
signed the agreement; and
the number of shares of each class being taken
by each incorporator.
Refer to Appendix A for a sample incorporation
agreement.
The incorporation agreement must be kept by the
company as part of the company’s records.
STEP THREE
ESTABLISH THE COMPANY’S ARTICLES
Every company must have a set of articles.
The company’s articles are the rules that govern the
conduct of the company and its shareholders, directors
and officers.
For small companies, namely those that have only one
shareholder or where the officers are all family members,
the standard set of Table 1 Articles prescribed in the
Business Corporations Regulation is usually a suitable
set of articles.
Refer to Appendix A for a sample of the Table 1
standard set of articles from the Business Corporations
Regulation.
Important Information: The Table 1 Articles are meant
to be adopted without amending the document. If you
want to customize the articles for the company, it is
recommended you seek legal advice.
The articles must be kept by the company as part of the
company’s records.
STEP FOUR
FILE AN INCORPORATION APPLICATION
The next step in the process of incorporating company
is to file an Incorporation Application with the Corporate
Registry.
The Incorporation Application must be submitted
electronically over the Internet by visiting Corporate
Online at www.corporateonline.gov.bc.ca.
The Corporate Online site includes online help
information to assist you with completing and filing the
online application form. When the filing is completed, the
company is incorporated and you will be assigned an
incorporation number at that time.
At the end of the electronic filing, you will be asked to
set a password for the company that will let you file
other forms for the company using Corporate Online.
You should also set a password “hint” that can be
displayed back to you if you forget your password.
It is also recommended you enter an email address.
That way if you forget the password, it can be emailed
to you. Otherwise, the only way to retrieve the password
for the company is to have it mailed to the company’s
registered office mailing address.
It is recommended that you complete the paper
version of the Incorporation Application first and use it for
reference when you electronically file the Incorporation
Application. Refer to Appendix B for the form and
instructions on completing the paper version of the
Incorporation Application.
If you are not able to file electronically, you may prepare
the forms on paper and, once the forms are completed,
contact a law firm or registry agent to submit the forms
on your behalf. The law firm or registry agent will charge
you a service fee, in addition to the Corporate Registry’s
fees for filing the form. BC Registry Services’ Preferred
Service Provider is Dye & Durham, which can be
contacted at 1 800 665-6211 or at their website.
The mailing address for Dye & Durham is:
Dye & Durham
734 Broughton Street
Victoria BC V8W 1E1
For more information call toll free at 1 800 665-6211 or
visit their website at www.dyedurhambc.com
STEP FIVE
REVIEW AND KEEP THE
INCORPORATION DOCUMENTS
After you have filed the Incorporation Application
electronically and the company is incorporated, the
Corporate Registry will send you the original Certificate
of Incorporation, a certified copy of the Incorporation
Application and a certified copy of the Notice of Articles.
These documents must be kept by the company as part
of the company’s records.
An incorporation number for the company is displayed
in the upper right hand corner of the Certificate of
Incorporation and on the cover sheet accompanying
the documents. You will need the incorporation number
of the company when filing other documents with the
Corporate Registry. You will also be prompted for the
company password when filing any changes to the
company on Corporate Online.
The cover sheet also includes the Business Number
issued by Canada Revenue Agency. This is a nine-digit
number followed by a six-digit number. It is the first nine
digits that are important to other government agencies,
you may be asked for this number if dealing with Ministry
of Finance for PST, WorkSafeBC or applying for a GST
number or other accounts at Canada Revenue Agency.
FEES
The fee to incorporate a company by filing an
Incorporation Application using Corporate Online is
$350.00 and a BC OnLine service fee of $1.50 plus GST.
You will need a valid credit card and you will be asked
to enter the credit card information at the end of the
transaction.
For information regarding fees and procedure for
BC Registry Services’ Preferred Service Provider
Dye & Durham to file on your behalf, go to their website
at www.dyedurhambc.com or call 1 800 665-6211. You
should contact Dye & Durham to confirm the total fees
required, before sending your documents for filing.
ADDITIONAL INFORMATION
For information regarding completion of your
documentation, contact the Corporate Registry at
1 877 526-1526. Corporate Registry staff cannot provide
legal or business advice.
REG 708B Rev. 2013 / 11 / 05
NAME APPROVAL REQUEST INSTRUCTIONS
IMPORTANT – READ CAREFULLY
RESEARCH YOUR CHOICES!
The Names Examiner searches the Corporate Register only. This
register includes the names of corporations incorporated or
registered extraprovincially in British Columbia. It does not include
names of British Columbia firms, trademarks or corporations
registered outside British Columbia. If you want to ensure your name
is not used outside of British Columbia, you could also access the
Trademarks database at www.strategis.ic.gc.ca, or you may wish
to search other jurisdictions in Canada. Most public business and
trademark registers in Canada are reflected in the NUANS database,
which may be searched for a fee through private search firms.
The approval of any name is at the discretion of the Registrar. You
are paying for three choices. Do not commit to any name before
it is approved. Provide three choices for each company you wish
to name, in descending order of preference. Check them out for
potential conflicts through telephone listings, business directories
and other publications.
Occasionally this office will reject all three of your choices. If that
happens, it will be necessary for you to complete another Name
Approval form with three more choices and submit it to this office
with another reservation fee.
GENERAL
This form is used for the approval of all corporate and business names in
British Columbia.
The first step in incorporation (company, society, cooperative association,
financial institution) or registration of firms (partnership, proprietorship) or
extraprovincial companies, is the approval of the name through the Name
Reservation Section of the Corporate Registry.
Once your name is approved, it is reserved for you for a period of
56 calendar days. Any renewals of the reservation period will require
payment of another reservation fee.
If you need assistance call our help telephone number 1 877 526-1526.
Once your name is reserved, the next step is to submit the necessary
information to incorporate a company or society, register a proprietorship,
partnership or limited partnership or register a foreign entity as an
extraprovincial company.
Please go to the Corporate Registry’s website for information on how to
incorporate or register, as well as information on other services provided
by the Corporate Registry.
The website address is: www.bcregistryservices.gov.bc.ca
Approval of a name by the Registrar for either a corporation or a firm
does not provide a proprietary right or interest in the name under any
circumstances. It is intended solely to protect the public interest by:
preventing names of corporations which are so similar as to confuse
or mislead; and
providing a record which allows the public to determine which
individuals are associated with a corporation or firm name.
A corporation or a firm name may be registered under the same name
as another firm. As a result there are many duplications of firms names,
however, a firm or a corporation name will not be accepted if it can be
confused with another corporate name.
FIRM NAMES (partnership, proprietorship, limited partnerships,
limited liability partnership)
Registration of a firm does not provide any protection for that name
and does not mean that the name will be available if you decide to
incorporate a company using this name.
Fees
The payment of fees in advance is a mandatory requirement of doing all
business with the Corporate Registry office. The fee to submit a Name
Request to the Corporate Registry by mail is $30.00
Applicants are urged to consult the current Fee Schedule. Payment
of the wrong amount is a common cause for the rejection of name
requests. Cheques and money orders are to be made payable to the
Minister of Finance.
PRIORITY SERVICE
Names are processed in the order of time of receipt. Upon request and on
payment of an additional fee, an application will be processed in priority to
others, normally within 24 hours of receipt.
PROCESS
This form allows you to make a maximum of three choices, in order of
preference, for each name approval. If you wish to have more than one
name approved, you must complete an additional form and pay another
fee. Your first choice for a name may be approved, if available, and
held for a period of 56 calendar days. Any renewals of the reservation
period will require payment of another reservation fee. Your 2nd and 3rd
choices are not examined unless the initial choice of name is not
available. Regardless of whether your three choices are all examined or
not, the full fee is charged.
A name approval request may be made on this form, or in writing with the
same information as is required on this form.
You can apply for your name in the following ways:
OVER THE INTERNET: Go to Name Requests Online at
www.bcregistrynames.gov.bc.ca to submit your Name Approval
Request electronically, for examination by the Name Reservation Unit
at the Corporate Registry. Payment is by credit card. There is online
information you can access to help you through the process. The fee to
submit online is $30 and a BC OnLine service fee of $1.50 plus GST.
BY SERVICE BC CENTRE: Visit any Service BC Centre who
will transmit the request to the Registrar. For locations go to
www.servicebc.gov.bc.ca.
BY ONESTOP SERVICE DELIVERY LOCATION: Visit your local OneStop
service delivery location. They will transmit the request to the Registries.
User fees may apply. For locations go to www.bcbusinessregistry.ca.
BY MAIL:
Names Reservation Section, Corporate Registry
PO Box 9431 Stn Prov Govt
Victoria BC V8W 9V3
You can also apply for your name by visiting the Names Unit located on
the 2nd Floor, Suite 200, 940 Blanshard Street, Victoria, BC V8W 3E6.
Results will be confirmed in the same manner as the application was
made.
NAME COMPONENTS
In assessing names, the Registrar’s staff analyze them according to
their constituent components. The form of name acceptable in principle
consists of a distinctive element, followed by a descriptive element and
ending with a corporate designation (if applicable).
e.g. ABC Manufacturing Ltd.
Distinctive Element
Descriptive Element
Corporate Designation
DISTINCTIVE ELEMENT
The distinctive element serves to differentiate names having identical or
similar descriptive elements, and for that reason, is the most important
element to be examined in the name.
Names such as “Tire Shop Ltd.” and “Shoe Store Ltd.” lack an appropriate
distinctive element and would be rejected for that reason.
They would be acceptable, if prefixed with an additional distinctive element
(e.g. coined word, geographical location or personal name) that would
distinguish them from all the other tire shops and shoe stores.
e.g. Vancouver Tire Shop Ltd. Sandell’s Shoe Store Ltd.
Coined and made-up words are acceptable distinctive elements, provided
they do not conflict with others already registered.
e.g. Intertex Enterprises Ltd. Fabuform Diet Centre Ltd.
A uniquely coined word, used in addition to a geographical location
(e.g. Altrex Canada Ltd.), is normally considered sufficiently distinctive by
itself that a descriptive element is not usually required.
Please retain this sheet for your information
DESCRIPTIVE ELEMENT
The descriptive element is useful in describing the nature of the business
as well as expanding the options available. It allows for use of identical
or similar distinctive elements, which might be desirable in developing a
particular presence in the marketplace.
e.g. Victoria Brake Shop Ltd. Victoria Stationery Ltd.
CORPORATE DESIGNATION
Incorporating companies must have as the last word in the name, the
corporate designation, “Limited”, “Limitee”, “Incorporated”, “Incorporee” or
“Corporation”.
For all purposes, using the abbreviations of these words (e.g. “Ltd.”,
“Ltee.”, “Inc.” or “Corp.”) is acceptable.
Extraprovincial companies may have "Limited Liability Company" or "LLC."
as the last word in their name.
The corporate designation is not applicable to a firm name, society or
cooperative name.
Firm names for partnerships and proprietorships cannot use “Ltd.”, “Inc.”
or “Corp.” in their names, but they may use “Company” or “Co.”
Firm names for limited partnerships must use "Limited Partnership" at the
end of the name.
Firm names for limited liability partnerships must use "Limited Liability
Partnership" or "LLP." at the end of the name.
Societies should have the designation “Society” or “Association” as the
last word in their name. Companies are precluded from the use of these
words in their names.
Cooperatives should use the word “Cooperative” in their name and may
also use “Association”, “Society”, “Union” and “Exchange”.
SINGLE WORD NAMES
Single word names (such as International Limited) are normally not
sufficiently distinct from other names containing the same word and
generally will not be approved.
An exception may be allowed if the proposed, single-word name contains
a coined word that has been trademarked and evidence of the trademark
is presented with the name request. Each case will be determined on its
merits.
Obvious contractions of common words (e.g. Petrochem, being a
contraction of petroleum and chemical) are not considered to be coined
words for the purposes of single-word names.
NUMBER NAMES
Numerals may be used in company names as the distinctive element. A
year may be used in a name provided that it is the year of incorporation,
amalgamation, change of name, or registration.
e.g. 123456 Enterprises Ltd. Pacific Enterprises (1997) Ltd.
The incorporation number may be used as the name of a British Columbia
company. The accepted format is “345678 B.C. Ltd.”.
A name reservation or fee is not required for B.C. companies using just
their incorporation number. The name will be given according to the next
available number at the time of incorporation.
Numbered companies from other jurisdictions, continuing into British
Columbia and wishing to retain their numbered names, will be required to
conform with the name requirements of this province.
PERSONAL NAMES
In most cases, a natural person’s full name will be considered to
be sufficiently distinctive and therefore acceptable.
e.g. Bill Brown Ltd. John Smith Inc.
Two surnames, or initials with a surname, are normally accepted.
e.g. Brown, Green Inc. J.R. Black Corp.
WELL KNOWN NAMES
Names, which include well known trade names and trademarks, will not be
allowed without the advance written consent of the holder.
e.g. Exxon, Xerox, Coke
EXTRAPROVINCIAL NAMES
Special consideration will be given to established extraprovincial
companies applying for registration in the province, provided there is not a
direct conflict in names.
SPECIAL CHARACTERS
The use of special characters (such as % or *) should be avoided in
corporate and business names.
Some special characters may not be recognized by computer, will not print
accurately and may not be allowed.
The “¢“ symbol will not be approved in a name under any circumstances.
NO SUGGESTION OF GOVERNMENT CONNECTION
The word “government” (in either its English or French form) will not be
allowed. Other words which might imply connection with, or endorsement
by, any government require written consent of that government. Examples
of other words which imply government connection are “ministry”,
“bureau”, “secretariat”, “commission” and “certified”.
The use of “British Columbia” or “BC” as the distinctive element in any
name is considered to imply connection with the Government of the
Province of British Columbia. Use will be accepted only on the written
consent of that government, usually obtained from the Protocol Office,
Intergovernmental Relations Secretariat, after
the name has been
approved by the Registrar.
Use of the words “British Columbia” and “BC” will be accepted without
consent, if they are placed at the end of a name and before the corporate
designation.
e.g. Pacific Warehouse Storage BC Ltd.
NO SUGGESTION OF CONNECTION WITH CROWN OR ROYAL FAMILY
A name which suggests or implies a connection with the Crown, any living
member of the Royal family, or endorsement by the Crown or Royal family
will not be accepted without the written consent from the appropriate
authority after the name has been approved by the Registrar.
e.g. Prince Charles Tea Room Ltd.
This does not apply to references in a name to geographical locations
such as Prince George, Prince Rupert and references to New Westminster
as the Royal City.
The use of the words “Crown” or “Royal” in combination with another
word(s) that does not imply connection with the Crown or Royal family
may be allowed.
e.g. Triple Crown Painting Ltd. Royal Star Holdings Ltd.
OBJECTIONABLE NAMES
Names that are considered to be objectionable on public grounds will not
be accepted.
A name will not be approved if it includes a vulgar expression, obscene
word or connotation, racial, physical or sexual slur.
The use of names of public figures will not be accepted without the
advance written consent of the person named.
GUIDELINES
This abbreviated information is provided for convenience only. Corporate
and business law is complicated, and there can be no substitute for sound
professional advice. The Corporate Registry cannot accept responsibility
for any errors or omissions in this information.
HELP IS AVAILABLE
For assistance or further information, please call 1 877 526-1526.
REG 708B Rev. 2013 / 11 / 05
Name Request (first choice) PLEASE TYPE OR PRINT CLEARLY
Name Request (second choice) PLEASE TYPE OR PRINT CLEARLY
Name Request (third choice) PLEASE TYPE OR PRINT CLEARLY
FORWARD ORIGINAL TO NAME RESERVATION SECTION RETAIN A COPY FOR YOUR RECORDS
Telephone: 1 877 526-1526 Mailing Address: PO Box 9431 Stn Prov Govt Location:
www.bcregistryservices.gov.bc.ca Victoria BC V8W 9V3 Victoria BC V8W 3E6
200 - 940 Blanshard Street
NAME REQUEST
Indicate what the name request is for: (In order for this request to be completed, one box must be () ticked)
PROPRIETORSHIP/
PARTNERSHIP
CORPORATION (INCLUDES A
FOREIGN CORPORATION)
SOCIETY
COOPERATIVE
ASSOCIATION
FINANCIAL
INSTITUTION
ADDITIONAL INFORMATION
Is this request for a foreign corporation
incorporated in another province or country?
INSTRUCTIONS:
Please retain a copy for your records. If the request
is mailed, the Name Reservation section will notify you
by letter or email once your request is completed.
Please type or print clearly.
SHADED AREAS ARE FOR OFFICE USE ONLY.
IF YES, ENTER THE JURISDICTION
NATURE OF BUSINESS
Freedom of Information and Protection of Privacy Act (FOIPPA):
Personal information provided on this form is collected, used and disclosed under
the authority of the FOIPPA and the Business Corporations Act, Cooperative
Association Act, Partnership Act or Society Act for the purposes of assessment.
Questions regarding the collection, use and disclosure of personal information
can be directed to the Executive Coordinator of the BC Registry Services at
1 877 526-1526, PO Box 9431 Stn Prov Govt, Victoria BC V8W 9V3.
YES
NO
APPLICANT SURNAME FIRST NAME AND INITIALS
ADDRESS
CITY PROVINCE POSTAL CODE
APPLICANT PHONE NO.
( )
COMPLETE THIS SECTION FOR RESULTS BY EMAIL
EMAIL ADDRESS
CONTACT PERSON NAME
NAME
APPROVAL NUMBER NR
Important: Use this number on all documents and in the
electronic submission of documents.
PRIORITY REQUESTAdditional fee required
YES This is a priority request and I have
enclosed an additional fee for this service.
ROUTING SLIP NO. DEBIT BCOL ACCOUNT NO.
FOLIO NO.
DEPOSIT ACCOUNT TRANSACTION NO.
GOVT. AGENT TRANSACTION DATE
YYYY MM DD
DATE RECEIVED
YYYY MM DD
GOVT. AGENT TRANSACTION NO.
GOVT. AGENT AMOUNT COLLECTED
$
RESET