The British Columbia Registry Services have made some changes to how proprietorships and partnerships are registered. Form 2 and Form 3 of the Partnership Regulation have had the words “residential or registered address” removed and the address for a proprietor or partner is now defined to be a residential address only if the partner or proprietor is an individual.
One of the first questions you will face when launching a new business in Canada is, what legal structure should be used? Each of the options has good features and not-so-good features which you need to know about before making your decision. Continue reading