Starting a business in Alberta? The basic procedure for creating a business is the same regardless of where you live in Canada, but the details differ in each province and territory. So, Mississauga SEO Company will guide you through the business registration process for your new owner, partner, or organization in Alberta. Moreover, this article only covers the integration of Alberta’s for-profit business.
Step 1: Choose a form of commercial property
When you start a business in Alberta (or anywhere else in Canada), you first need to decide how to legally regulate your business. In Canada, there are four options: sole proprietorship, partnership, enterprise, and cooperative.
Once you decide which type of business to use, be ready to choose a name for your new business.
Step 2: Choose a business name
The name you choose depends on your chosen business model; There are name restrictions for every form of business ownership. For example, if you choose to set up your business as an individual property using only your name (without adding any other words), you will not need to register your business in Alberta.
However, if you choose to operate sole proprietorship under any other name or wish to create a partnership or company, you need to certify your name through the regional company registry. In Alberta, the name of a sole proprietorship is also referred to as a commercial name.
Step 3: Register the business name
In Alberta, a business name registration is necessary to operate a sole proprietorship under any name other than your name or to operate a partnership, limited partnership, or limited liability partnership (LLP). (Only those who perform certain professions, such as lawyers, accountants, and dentists, can form and register a type of LLP partnership.) Of course, business registration is necessary for companies.
Note that registering a business name does not give you any right to ownership of the name. Many other companies may operate under the same trade name as there is no legal requirement for trade names or partnership names to be unique. (The names of LLPs are an exception; if you are registering a trading name for an LLP in Alberta, the name must be unique.) It is a good idea to search before registering a business name to avoid a potential trademark and other legal issues down the line.
Registering a business name in Alberta does not require filling in a form because all company registry information is entered directly into the CORES computer system. However, if you want a copy of the form to ensure that you have all the information you need to provide to your authorized service provider, you can download the Trade Name Announcement form from the Alberta Corporate Registry.
Several district registrar services were contracted with private sector companies; For this reason, you must be certain that the authorized service provider can provide the registry service for the companies you want, and you will want to shop for the best price for the service as the fees are not subject to government regulation and may vary from one office to another.
Classify a brand name as a basic service; Therefore, any approved service provider must be able to do this for you. Find a registered agent online or download the registration agent product catalog for a description of services and fees. The Alberta Business Services Center lists between $40 and $50 as a sample fee for a brand name ad. Choosing and registering a company’s business name is a little more complicated because company names must include a legal element (such as Ltd. or Inc.), and company names are given only once.
If you are going to establish a merged company that has a “named” name (as opposed to a “numbered” name), you must also obtain a NUANS report, required to ensure that no one else has a matching name. You are creating a company called “Named”, you can also choose to create a professional establishment if you are practicing one of the occupations to which this classification applies.
Assuming your name passes, you will need to provide an original or carbon copy of the NUANS report to the approved service provider at the time of incorporation. The report must be less than 91 days old when sent.
Step 4: Register a company
If you are registering individual ownership or partnership, you have completed step 3. Company registration is a longer and more expensive process.
To register Alberta, you need to provide the name and address of the company, describe the company’s structure, specify the type of company you want to establish, and provide information about the company’s managers, such as their names and addresses, and Canadian residency status. The type of Alberta you choose depends on the number of stakeholders involved and whether the company will distribute the shares to the public; There are three categories to choose from:
Companies with less than 16 shareholders:
Companies with 16 or more shareholders do not issue shares to the public
Companies with 16 or more shareholders who issue shares to the public
The latter type is the most regulated type of Alberta. For more information on these types and choosing a name for Alberta, see Alberta service information for companies.
Whether you are registering a new company, registering outside the province, or registering a non-profit association or company, the basic procedure for registering a business is the same; After performing a NUANS search with your chosen name, you will take the NUANS report to an authorized service provider. (Note that every company outside the province – that is, a company created elsewhere – must be registered in Alberta within thirty days of operating in Alberta. This includes federally incorporated companies.
Viewing Alberta merger-related forms on the Alberta Corporate Registry will help you gather your information together before visiting your authorized service provider and proceed to company registration procedures. The amount you pay when establishing in Alberta depends on the service provider you choose; The fees vary. The service provider will examine the information you provide to ensure its completeness and meet the legal requirements for Alberta companies. If everything is as it should, they will process your application and issue a certificate of incorporation as proof that the registration has taken place.
Regardless of the type of work you choose, it is wise to seek the advice of professionals who have more experience in setting up companies. In addition to consulting a lawyer or notary, you may also want to discuss your situation with an accountant, who will be able to advise you on the form of work that best suits your needs.