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