Incorporate an Alberta Company and Make your Business Legitimate
When you incorporate an
Alberta company, ownership can be sole proprietorship, limited or a
partnership. Canadian corporations that choose to add “limited” to
their name means the shareholders' liability is restricted to how much
they paid to acquire the shares. A sole proprietorship or partnership
in contrast, holds unlimited personal legal responsibility for owners
on debts incurred by the business. Company incorporation also happens
when you register a business in Alberta.
People who choose to
incorporate an Alberta company need to provide a corporate name and
address. To incorporate an Alberta company, they should also
satisfactorily describe the structure, identify the specific
corporation type and provide detailed director information. You can
incorporate an Alberta company using a variety of names. There are
“named” and “numbered” names that people can use when attempting to
incorporate an Alberta company.
AlbertaRegistry.net Tells You How to Register and/or Incorporate an Alberta Company
The process to register or
incorporate an Alberta company often varies from one province to the
next. Here's a brief rundown from www.albertaregistry.net of what happens when you register your businesses and/or incorporate an Alberta company.
1. To incorporate an Alberta company and register it,
you've got to determine what type of business it'll be. Whether you
want to incorporate an Alberta company using sole proprietorship,
partnership or a limited partnership, that's your call. Once the
business-type is established, it's time to reserve a business name and
incorporate an Alberta company. Fill out a declaration to incorporate
an Alberta company form. Such forms will ask you for basic info about
the company and the owners.
Trade name registration in Alberta doesn't mean you own the name. Many
partnerships and sole proprietorships that incorporate an Alberta
company in a province operate using duplicate names as there's no
specific legal requirement for business names used to incorporate an
Alberta company to be unique. Now, for corporations, it's another
story. When people incorporate an Alberta company, they have to pick a
unique name.
2. After the necessary forms to register
and incorporate an Alberta company are filled out, they must be filed
with the authorized service provider. Service providers are private
sector firms like search houses, legal and accounting firms that are
authorized by the Alberta government to check applications to register
or incorporate an Alberta company. They make sure that the documents to
incorporate an Alberta company submitted meet Alberta's legislative
requirements.
Authorized service providers process requests to register and/or
incorporate an Alberta company. They issue proofs of filing to verify
that registration occurred. Fees to incorporate an Alberta company that
are charged by private-sector entities aren't regulated by the
government. Always comparison-shop so you wind up with the best price.
Make sure the service provider you pick is authorized and the fees
charged to incorporate an Alberta company are consistent with other
providers in the area.
3. The registry agent product catalog published by
the Alberta Government (2001) lists the government cost to incorporate
an Alberta company as around $100. Authorized service providers can
place additional charges to incorporate an Alberta company that can up
the total cost to $300 to $500. To incorporate an Alberta company using
sole proprietorships, only trade name registration which costs $50 is
required. For partnerships and limited partnerships, government fees to
incorporate an Alberta company are pegged at $50. However, expect
additional fees as fee structures aren't regulated. Trade and
partnership name searches cost around $1 but the actual service fees
are up to the agency.
People who wish to incorporate an Alberta company need to be aware of
what is involved. Don't incorporate an Alberta company without first
making sure you've got all the paperwork ready. Make it a habit too to
visit www.albertaregistry.net for the latest information concerning incorporations of Alberta firms.