Satinder Dhaliwal Law Corporation assists businesses with incorporating provincially under the Business Corporations Act or federally under the Canada Business Corporations Act.
In B.C., incorporation creates a legal entity known as a corporation, commonly referred to as a company. Three types of companies may be created through incorporation:
Corporations can borrow money at lower rates. They can also raise money by selling shares or bonds to investors (called shareholders).
Corporations are taxed separately from their owners. Corporate tax rates are generally lower than personal income tax rates.
Shareholders are not responsible for a corporation's debts. If your corporation goes bankrupt, your shareholders only lose up to what they invested.
Corporations have the same rights as a real person, including owning property, getting loans, and entering into contracts.
Corporations live on until they wind up, amalgamate, or give up their charter (for example, when they go bankrupt). With other business structures, a business stops existing when the owner dies.
Satinder Dhaliwal Law Corporation can assist you with:
Satinder Dhaliwal Law Corporation can assist with drafting all the necessary documents for your incorporation application including:
After incorporation, there are annual reporting requirements for British Columbia corporations. These reporting requirements involve updating information with the provincial government to ensure the corporation remains in good standing.
This annual update is a service that SDLC can provide which will allow you to focus more on the day-to-day operations of the business. We will ensure that your company complies with all of British Columbia’s statutory requirements thereby maintaining your corporation’s good standing.
British Columbia corporations must have a corporate record office. Satinder Dhaliwal Law Corporation can act as your registered corporate office where all required documents and records will be held in a Record Book. Maintaining an up to date corporate Record Book is very important as it effects the ability to obtain lending through your corporation as well as for any audits conducted by the CRA.