Surrey BC Incorporation Lawyer
Trusted & Effective Legal Advice for Startups, Entrepreneurs, and Small Businesses
Are you planning to start a new business?
According to BC Stats, in 2015 there were over 36,000 businesses incorporated in BC.
At Patrola Law, our experienced startup legal team helps new business owners launch their ventures quickly and strategically position them for long term growth.
We have helped the Surrey community establish many successful business structures locally and abroad. Whether an incorporation is the right business model for you, our team of experts will provide alternative business solutions that fully aligns with your business goals.
There are major benefits to corporate formation. A startup lawyer can navigate this process with you and have your business set up right the first time.
Skip the reading and schedule a quick call with our startup lawyer now. It's free.
What is a business incorporation?
In short, incorporation is the forming of a new corporation, being a legal entity that is effectively recognized as a person under the law.
The corporation may be a business, a non-profit organization or a government of a new city or town.
What are the benefits of incorporating?
Incorporating a business can have significant benefits:
What does the incorporation process entail?
Step 1: Choosing a 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.
Ready to Incorporate?
Schedule a call with our startup lawyer now and we'll help you get your business off the ground fast.
Patrola Law is chosen as a top business law firm in 2018 by Three Best Rated and trusted by clients with a 4.9 star rating on Google.
Other Business Solutions
If an incorporation does not fit your business model needs, we can advise on alternative business structures that may fit with your requirements.
The following examines these other entities and the pros and cons of each structure.
Sole proprietorship means that there will be only one owner of the business.
A partnership is a legal form of business operation between two or more individuals who share management and profits.
A joint venture is a business agreement in which the parties agree to develop new assets by contributing equity for a finite time.