British Columbia companies can obtain Certificates of Good Standing from the BC Corporate Registry by using the services of a search house. These certificates are often referred to as Certificates of Status or even Certificates of Compliance in the federal jurisdiction and any company registered anywhere in the World can obtain one of these certificates from its incorporating jurisdiction. All of these certificates are issued to confirm that a company is in good standing.
If a creditor, potential client, bank officer or other corporate entity wishes to know if your BC company is in good standing, the British Columbia will issue a Certificate of Good Standing to confirm this. A BC company must be in good standing with its BC annual report filings or the government cannot provide a favourable certificate. Frequently offshore businesses will request a Certificate of Status for a Canadian company to ensure it is safe to do business with it.
The information contained on a BC Certificate of Good Standing is the the most current name of the company, the date the company was incorporated in British Columbia and that the company is in good standing with its filings and has not been dissolved. The Certificate is provided in the form of a pdf document and there is a coloured stamp on the Certificate.
A BC Certificate of Good Standing will not be issued if the company has been dissolved for non-filing of federal and provincial tax returns and/or BC annual reports. Even being behind one year in your BC annual report filings could result in your not obtaining your Certificate. Ask a search house to check for you if you are not sure. Most reputable search houses will not mind checking because there is no cost in finding out this information.
Can you be warned before requesting a Certificate of Good Standing as to whether you can obtain one? Yes. A good search house will know in advance whether you will be able to get a favourable certificate and they will let you know so you can file any outstanding returns. A search house can assist you to find out if your filings are up-to-date. There is no cost to find out and most good search houses will do this as a courtesy with no fee.
If a creditor, potential client, bank officer or other corporate entity wishes to know if your BC company is in good standing, the British Columbia will issue a Certificate of Good Standing to confirm this. A BC company must be in good standing with its BC annual report filings or the government cannot provide a favourable certificate. Frequently offshore businesses will request a Certificate of Status for a Canadian company to ensure it is safe to do business with it.
The information contained on a BC Certificate of Good Standing is the the most current name of the company, the date the company was incorporated in British Columbia and that the company is in good standing with its filings and has not been dissolved. The Certificate is provided in the form of a pdf document and there is a coloured stamp on the Certificate.
A BC Certificate of Good Standing will not be issued if the company has been dissolved for non-filing of federal and provincial tax returns and/or BC annual reports. Even being behind one year in your BC annual report filings could result in your not obtaining your Certificate. Ask a search house to check for you if you are not sure. Most reputable search houses will not mind checking because there is no cost in finding out this information.
Can you be warned before requesting a Certificate of Good Standing as to whether you can obtain one? Yes. A good search house will know in advance whether you will be able to get a favourable certificate and they will let you know so you can file any outstanding returns. A search house can assist you to find out if your filings are up-to-date. There is no cost to find out and most good search houses will do this as a courtesy with no fee.
About the Author:
Resources for Canadian Business Owners Inc. is a business search and registration service that assists small business owners with business name registrations and business searches and can obtain a BC Certificate of Good Standing for a BC company.
0 comments:
Post a Comment
Loading...