BC Business Incorporation Law Firm
Limit your liability and incorporate your business today.
Patrola Law has been chosen as a top business and IP law firm for two consecutive years (2019, 2020) by Three Best Rated and trusted by clients with a 4.8 star rating on Google.
Incorporating Your BC Company
Are you planning to set up a new company?
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.
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 your business for long term growth.
Benefits of Incorporating
What Does the Incorporation Process Entail?
Step 1: Choosing a Corporate Name
The first step to every corporation is deciding on a corporate name. The name must be distinct and not include a misrepresentation of your business. That name must be approved and reserved by the Corporate Registry.
It is composed of three elements:
- A distinctive portion that identifies the particular corporation;
- A descriptive portion that identifies the particular activities of the corporation;
- And a legal element, identifying the company as a corporation, such as Limited, Incorporated, or Corporation.
You must have a name search done once you’ve submitted a Name Approval Request or Name Reservation Request Form.
Step 2: Preparing the documents
Typically, you will be required to prepare the following documents:
Sets out the rules for the conduct of the company.
The Articles of Incorporation
The rules and regulations that will govern the conduct of the company members and directors.
The Articles of Incorporation application will include the following information:
- Corporate name
- Completing party
- Share structure - Need to decide on who the shareholders will be
- Registered and record office
- Information of directors.
The Notice of Offices
States the location of the two required offices for your corporation, the registered office, and the records office.
Step 3: Filing the Incorporation Application
Once Patrola Law has received all the information mentioned above, we can incorporate the company by E-filing the Incorporation Application.
After this step has been completed, the post incorporation documents will be prepared for your signature, to add to the Corporate Minute Book.
Why Incorporating Without a Lawyer is a BAD Idea
First off, yes there are resources available online where you can learn to incorporate yourself. We understand that startups need to save money, but the last thing you need to be frugal with is setting up your business structure.
There's a common misconception that incorporation is a one-time transaction. You set it and forget it. It's definitely not.
If your incorporation isn't properly executed from the beginning, mistakes that happen down the road can come back to hurt your business.
Lawyers are able to assist you with multiple legal facets of your business during and after incorporation:
1. Create and maintain corporate organizational documents required by the Business Corporations Act
2. Drafting, negotiation, and advising on important contracts and agreements
3. Advise and resolve any legal issues that may arise in the future
When you hire an incorporation lawyer, you get the peace of mind knowing that your company stands on a solid legal foundation as your business grows.
How Much Does it Cost to Incorporate in BC?
Patrola Law charges an all-inclusive flat fee of $1,200 CAD (+$40 for named company) and includes the following:
What Our Incorporation Clients Are Saying
Patrola Law Corporation is great business law firm who were very efficient in supporting me with BC corporation for a new renovation company. The business lawyer was professional and took time to connect with me firstly through telephone conversation and then met with me to ensure that was clear in regards to procedures for incorporation. The process went through smoothly I had to do nothing but await all of my business papers. Fees were comparative to most BC law firms here in Surrey.
Sue & Tony Rose
Had the pleasure of working with Perpinder at Patrola Law, he was very open and willing to answer any questions my partners and I had about BC incorporation. His firm and him are amazingly easy to work with. I would recommend him to everyone who needs a business lawyer.
Great experience working with Perpinder regarding our trademarks and incorporation. Very prompt, very professional, and highly recommended.
Contacted Perpinder for BC incorporation as first time business owner and was tremenduous help. He was ready to asnwer any and all questions. Cannot recommend him enough as a business lawyer.
What are the benefits of incorporating?
Incorporating a company offers some major benefits: it protects you from personal liability over claims from creditors and lawsuits, offers flexibility in the transfer of ownership, and lowers your corporate taxes.
What are the steps to incorporate in BC?
First, have your corporate name approved reserved by the Corporate Registry. Second, enter and sign an incorporation agreement. Third, prepare your company's articles that govern the conduct of the company and its shareholders, directors
and officers. Fourth, file an incorporation application.
Why should I incorporate through a lawyer?
Without legal counsel, there is a high probability that your business structure will be set up incorrectly. Any mistakes you make during your incorporation application can hurt you financially down the road. Hiring an incorporation lawyer ensures that you mitigate unnecessary risks and provide a clear path of growth for your business.
When should I incorporate my BC startup?
Ideally, you should incorporate your startup as early as possible. It offers several advantages: establishes ownership (especially if there are co-founders), easier to attract investors, avoid higher taxes, limit personal liability, and helps secure your intellectual property assets within the corporation.
How fast can I incorporate a company in BC?
The quickest is same business day if your company name is already reserved with the Corporate Registry, and we receive complete incorporation instructions. However, if you require a name reservation, it normally takes 3 weeks for approval but can be expedited to 3 days for a $100 fee.
Speak to an Incorporation Lawyer
Schedule a free initial consultation now by filling the form below. Our firm will contact you within the next business day.