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Franchising vs New Business: Which Direction Should You Take?

When entering into a new venture, you are presented with two options: join a pre-existing franchise chainestablish a new business venture independentlyAs a franchisee, you will be working with a pre-established business and will act as a distributor of that business under its trade name and business system. A new business is an independent entity and
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What Are Articles of Incorporation?

When an incorporation application is filed, the incorporator is required to file a notice of articles with the application.  The notice of articles is a requirement under the Business Corporations Act (BCA) which includes the shares and shareholders of the corporation, its directors, the name of the corporation and registered and records office mailing and
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Annual Maintenance 101 – Requirements for BC Companies

The BC Business Corporations Act (BCA) requires all corporations to file an annual report as per s.51 with current information. By filing your annual report, you are informing the BC Registry that your company is in active standing. Failure to file an annual report after two consecutive years may result in company dissolution as per
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3 Benefits to Using a Law Firm as Your Registered and Records Office

Did you know that every incorporated company located in British Columbia is required to have a Registered and Records Office? As stated in s.34(1) of the BC Business Corporations Act, companies must maintain a Registered and Records Office address (mailing and delivery) as part of their record at the Corporate Registry. In the following post,
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Crowdfunding Businesses: Canada MSB License Required

On April 05, 2022, the Government of Canada announced a number of changes that impact the financial services industry.  One of these changes occurred through the amendment to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA).  The changes mostly pertained to broadening PCMLTFA’s regulatory capture to include crowdfunding businesses that operate in
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