BC Transparency Register: What Private Companies Need to Know
A BC Transparency Register is a corporate record that most private companies incorporated in British Columbia must maintain to identify individuals with significant ownership or control. Quick Answer Companies that incorporate a company in BC should address this record as part of their post-incorporation compliance. A person may qualify through ownership or control of 25% or more of the company’s shares or voting rights, indirect ownership, or certain rights involving the majority of directors. Start Your BC Incorporation BC Transparency Register at a Glance Key Transparency Register requirements Question Answer Who generally needs one? Private companies incorporated under the BC Business Corporations Act Public/reporting companies? Generally excluded Federal corporations registered in BC? Generally not subject to the BC private-company Transparency Register rules Significant share threshold 25% or more of issued shares Significant voting threshold 25% or more of voting rights D...