If you are setting up a new business, one of the first things you will need to determine is what type of business structure you wish to operate as. Generally, you can choose to be a proprietorship, partnership or corporation. While all structures can be good choices for different businesses, many times setting up a business as a corporation can be the best option.
Using a corporate structure for your business will allow your company to operate as a separate legal entity. By taking steps to incorporate in BC, you will be able to ensure your business will be able to continue to operate even if you or other principals of the company decide to leave. By setting up your business this way, you will also be able to provide protection for yourself and the other people involved in your business. This is because you will generally not be able to be held financially responsible or liable for the debts of the business.
Once you have decided on incorporation BC, it is important for you to begin the legal process of setting up your business. When you choose to become a corporation, you will need to tend to several legal issues. Some of these include issues involving choosing a company name and business registration reserving it, setting up an agreement of incorporation with the other in the business and establishing the company articles or rules of the corporation. Since these can be very involved legal documents, you may find you need help in setting them up correctly.
Many times when a business is being setup as a corporation the business leaders may decide to hire a lawyer to help them through the process. While this can be a good option, it can often be very expensive. Another option some people may choose to use is a kit designed to help them establish the business for a very low price. This can also be a good choice if you have some knowledge or experience in the process.
If you do not have any prior experience in setting up a corporation, but still do not wish to spend a lot of money on the services of a lawyer, you may want to consider using an online platform like, Go Corporate. This type of website will gather information from you to help in filling out the forms required for your business. The system will guide you through the various steps and help you in completing the necessary paperwork to start your business. This can often be the best choice for many new companies.
Setting up a new business can take a lot of work and effort by the principals of the business. Using an online process to handle the paperwork involved in setting up the business can help in making at least one task easier to handle.