Thursday, July 17, 2008

Local Government Corporations

If you are trying to understand the rules and regulations governing Hesperia Corporation or Captain Bailey Way Corporation then a good starting point is at this Gov. of B.C. website.


It is good reading for both the shareholder and the Directors of these corporation to best understand their obligations, potential liabilities and rights etc.
Launching and Maintaining a Local Government Corporation: A Guide for Local Officials (716 KB), was developed to provide general advice on creating a local government corporation for those elected officials and staff considering creating a corporation or acquiring shares in a corporation.

Commencing in 2007, the Ministry annually provides a list of local government corporations (222 KB) that have received Inspector approval and have been registered with the Registrar of Companies. The list provides information about which local governments currently have shares in corporations, the corporate name, incorporation date and the nature of the enterprise. The intent of posting this information on the website is to provide a public record of the Inspector's corporation approvals as a resource for local governments and the public.

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