Unlimited Liability Company (ULC) is a company registered or incorporated with the BC Registries under the Business Corporations Act. ULC status requires that the shareholders be liable for all debts and liabilities of the corporation.
It is a type of entity useful primarily for U.S. corporations with operations in Canada.
- Unlimited Liability Corporation
Who can incorporate:
- One or more individuals who are 18 or up can incorporate a BC company.
- Currently there is no citizenship or residency requirement for people who can be the directors, officers, and shareholders..
What is required to incorporate a BC Unlimited Liability Company (ULC):
- A name approval number from BC Registries for the company (not required for numbered ULCs)
- A physical address or street address in the Province of British Columbia.
- For incorporation process, a minimum of one Director, one Incorporator and one contact person is required. The same person can fill in all three roles.
- For operations purposes and to fully comply, a minimum of one officer and one shareholders are also required.
What you get
After registering the BC Standard Company, you will receive the following as pdf documents by email:
Processing time: Same day
Is ULC company registration right for you?
The decision to incorporate an ULC depends on the purpose and needs of the company registration. It is not for a general purpose and is used to meet specific business needs and for tax planning.
What are the advantages of registering an ULC company in BC?
ULCs can be used by American corporations for tax planning purposes like flow-through and for investing in Canada.