Incorporating a Community Contribution Company (C3)
Below are the basic steps for forming (incorporating) a company in B.C. In addition, there are other steps that must be considered, such as setting up minute or records books, establishing a central securities register and issuing share certificates. Please seek legal advice to ensure all requirements have been met.
Step 1: Request Name Approval and Reservation
To ensure the public is not confused or misled by similar corporate names, new corporate names must be approved by BC Registries and Online Services.
A community contribution company must have the words “Community Contribution Company” or the abbreviation “CCC” as part of its name.
If you choose to use the incorporation number as the company’s name in BC - for example 0123456 B.C. Community Contribution Company - you do not need a name approval and reservation. The incorporation number is assigned by BC Registries and Online Services at the time the continuation application is filed.
Step 2: Establish Your Company's Articles
The articles are the rules for the company, shareholders, directors and officers and they become part of the company’s formal records.
One or more primary purposes of a community contribution company must be community purposes and these community purposes must be set out in the articles.
Step 3: Prepare an Incorporation Agreement
An incorporation agreement must be signed by each person (incorporator) forming the company. Usually the incorporators will become the shareholders and directors once the company is incorporated.
The articles for a Community Contribution Company must set out the community purposes. You can copy and paste this sample Table 1 Articles into a Word document and add the purposes or you can ask a professional to draft Articles for you.
The Agreement becomes part of the company’s records and must contain:
- The agreement of each incorporator to take one or more shares of the company
- The signature of each incorporator opposite their full name and the date each incorporator signed the agreement
- The number of shares of each class being taken by each incorporator.
Note: A community contribution company must have at least three directors.
Step 4: File an Incorporation Application
Submit an online incorporation application through Corporate Online. To ensure you have all the information you need before you start the online application, we recommend you fill out a paper copy of the application first.
When using Corporate Online you may pay by credit card. You can also file your application through BC OnLine if you are an account holder.
If you cannot file the application electronically, you can file your annual reports through BC OnLine if you are an account holder or prepare the paper forms and contact a law firm or registry agent to submit the forms for you. Check with the law firm or registry agent regarding additional fees.
Step 5: Keep Documents as Part of the Company's Records
Once your application is processed and payment received, we will send you the following documents by email or mail (depending on the notification method you selected)::
- The original Certificate of Incorporation
- A certified copy of the Incorporation Application
- A certified copy of the Notice of Articles
- A cover sheet that includes the company’s incorporation number and business number
Keep these documents as part of the company’s records. You will need the incorporation number when you file other documents with us.