CARRYING ON BUSINESS IN BRITISH COLUMBIA

When conducting business in British Columbia there are certain statute requirements for being registered in the province if you are going to be doing business there.  In some cases it may not be necessary to be registered.  To learn the specific government requirements for conducting business in British Columbia refer to Carrying on Business in British Columbia.

When is a Certificate of Status Issued

A Certificates of Status are issued by government office to confirm and verify that a company's public record is current.   For more information about these documents go to Certificate of Status | Certificate of Good Standing | Certificate of Compliance.

What Goes in a Minute Book

This Articles explains the documents that go into a minute book.  Refer to What Goes in a Minute Book for more information.

Declaring a Dividend | How to Approve a Declaration of a Dividend

The directors of a company are the ones that must approve a declaration of a dividend.  This blog post explains what is called for in order for a valid dividend to be approved - Approve a Dividend

British Columbia Companies - Qualifications for Directors

BC is very lenient with respect to the qualifications for acting as a director of a BC company.  None of the directors need to be resident in Canada.  However, there are certain restrictions with respect to acting as a director in BC that should be considered before you agree to do so.

Canadian Federal Companies - Director Residency Requirements

When you decide to incorporate a Canadian federal company, you will be expected to follow the director residency requirements and have at least 25% of the directors qualify as "resident Canadians" pursuant to the Canada Business Corporations Act.  The definition of resident Canadian provides that the individual must be legally resident in Canada.  Therefore a Canadian who is not resident in Canada would not be considered a resident Canadian.  

Ontario Companies - Resolutions for Directors | Resolutions for Shareholders | Special Resolutions

The directors and officers of Ontario companies approve matters relating to the corporation's day to day business by passing resolutions either at meetings or by all directors or shareholders, as the case may be, signing a written resolution.  Depending on the type of approval there can be a different form of resolution. The Ontario Business Corporations Act outlines the procedure for approving the various types of matters.

Subsequent to incorporating an Ontario company is is important that the directors and shareholders have a full understanding of the requirements of the Business Corporation Act (Ontario).