Features:
1. Incorporated under Business Corporations Act.
2. Director must be the licenced realtor.
3. Controlling sharehodler must be the realtor.
4. All of the equity shares owned by the controlling shareholder.
BC Personal Real Estate Corp.
Features:
1. Incorporated under Business Corporations Act.
2. Director must be the licenced realtor.
3. Controlling sharehodler must be the realtor.
4. All of the equity shares owned by the controlling shareholder.
BC Benefit Company
Features:
1. Incorporated under Business Corporations Act.
2. It must promote one or more public benefits.
3. It can own property and assets under a business.
4. It can qualify for provincial and federal tax and grants programs.
BC Cooperative Registration.
Features:
1. Cooperatives (co-ops) develop communities
2. It offers supports like housing, food or health care.
3. An incorporated co-op is a legal entity.
4. This makes it easier to enter into contracts, incur debt or get funding.