Bandera Gold Ltd (fka BGL)

[grego68]

NOT TRUE! In foreign countries, INC can be a private company. Here is just ONE example. Don't confuse this example with the SRGE financing companies, this is just an example to show that INC does not necessarily have to be a public company.

" Forming a Private Company

Script 267 gives information only, not legal advice. If you have a legal problem or need legal advice, you should speak to a lawyer. For the name of a lawyer to consult, call Lawyer Referral at 604.687.3221 in the lower mainland or 1.800.663.1919 elsewhere in British Columbia.

This script discusses incorporating and maintaining a company.

There are different ways to form a business, other than a company
To learn more on whether you want to incorporate a company, refer to Script 265 on “Starting a Small Business.” Also, before incorporating, you may want to seek advice from a lawyer and an accountant. They can help you decide the best way to set up the company’s “authorized share structure” (explained later) and structure the company for optimal tax planning.

There are basically two types of companies
Under BC’s Business Corporations Act, these are:

a public company
a private company

A public company has its shares listed and traded on a stock exchange. A private company is typically a small company with very few shareholders, and its shares aren’t offered for sale to the public. This script only applies to private BC companies.

All private BC companies are incorporated online
Use the Corporate Online services found at www.corporateonline.gov.bc.ca. You can use a credit card to pay for the fees.

Decide on a name for your company
The name must end in “Limited,” “Ltd.,” “Inc.,” “Incorporated,” “Corp.” or “Corporation,” or the French equivalent to these words. Your new company name needs to be distinctive and have a descriptive element, or you can choose a numbered BC company name."

http://www.cba.org/bc/public_media/commercial/267.aspx