Post-incorporation is more complicated than you might think

post-incorporation

By Dawn Wattie, Surrey Business Lawyer Securing an incorporation certificate and having your signed Incorporation Agreement, Articles and consent(s) to act as directors does not mean the company is in operation. To be fully operational, the directors and shareholders have to: Complete the set up of corporate records and minute book. Set up accounting records. Open a bank account. Use their business number to obtain GST and or PST numbers. Get a business permit and WCB assessment number. Pass incorporation resolutions and first director resolutions to issue … [Read more...]

Incorporating a company

incorporating a company

By Dawn Wattie, Surrey Business Lawyer Incorporation is deceptively easy and only the first step to properly establishing a company. With the advent of online corporate registration systems such as BC Online, the responsibility for properly completing incorporation of a new company falls to the completing party as the BC Corporate Registry no longer provides a substantive review of incorporation documents.¬†As a result, an online incorporation application can be completed and an incorporation certificate issued whether or not the legal requirements of incorporation are met. The online … [Read more...]