Complete Guide On How To Register A Business In Alberta
One of the first steps to launching your own business in Alberta and its cities, like Calgary, is the registration of the business. If you are trying to start a small business in Alberta, or other parts of Canada, then this is not something you should overlook.
A business name is whatever name a person(s) use to portray their businesses to the public. It does not have to be a legal existence of its own, and the sole proprietor or partners are responsible for the debts and obligations of the business.
Types of Business Names
Under the partnership act, there are presently four types of businesses;
The trade name is used when an individual or a corporation does the business under a name different from their legal names.
It is also known as a sole proprietorship.
A partnership is formed when two or more individuals or business come together to run a business.
They share the profits together and equally bear the losses.
A limited partnership consists of one (or more) general partners, and one (or more) limited partners coming together. They bear different duties and responsibilities in the business.
Limited liability partnership
A limited liability partnership is formed when partners in one or more eligible fields, ie law or accounting come together. It is very similar to a regular partnership, except that there is liability protection.
How Much Does It Cost To Register A Small Business In Alberta?
Normally there’s a standard government fee for the registration of businesses in Canada, and depending on your service providers, there’s also a varying charge.
Please access and download the up-to-date agent Catalogue for Alberta on the official website.
The catalogues are updated every month, so I won’t be uploading any here.
How To Apply For Business Name Registration In Alberta
Applying for your business registration is not a very complex process, and we’d be having a rundown on the steps;
Choose a business name
The name you choose doesn’t compulsorily have to be unique, however, the owner of an existing business can take you to court if you choose their name.
You can not use the words ‘limited’, ‘incorporated’ or ‘corporation’ at the end of your business name, as it will build a different impression.
Also, if you’re registering a limited liability partnership, you have to add the phrase, limited liability partnership, LLP or the French terms, ‘Société à Responsabilité Limitée’ or ‘SRL’at the end of the names.
Get a business name report
This is not compulsory, but highly recommended.
The list is provided by authorized NUANS members, and contains registered business, corporation and trademark names similar to your proposed name.
You can find a NUANS service provider by visiting this page.
You might be required to pay some fee to the service providers.
Fill the business registration forms
You can use the sample forms below to get the information required for the filling of your own;
If you’re applying for the trade name or sole proprietorship, you can download the Declaration of Trade Name form.
Limited partnership (LP)
For the limited partnership, you might need to download the forms;
- Application for Alberta/Extra-Provincial Limited Partnership
- Special Authority to Execute a Registration
- Alberta’s online extra-provincial registration (this is optional, and you can use it to apply if you want to do business in Alberta and your limited partnership home province is Manitoba, British Columbia or Saskatchewan) There is no cost.
Limited liability partnership (LLP)
To apply for the limited liability partnership;
- You need to get permission from the Alberta governing body of the profession, take for instance law or accounting.
- Extra-provincial limited liability partnerships will need to provide proof of active registration in their home jurisdiction, together with copies of documents for their original registration.
- Download the Application for Alberta/Extra-Provincial Limited Liability Partnership form.
- If your limited liability partnership home jurisdiction is in Manitoba, or British Columbia, Saskatchewan, there are special processes to follow. Do contact your home jurisdiction registry office, or click on Manitoba, or British Columbia, Saskatchewan for more information.
You can also download the sample forms – Manitoba, or British Columbia, Saskatchewan.
To send these documents to the Alberta Corporate Registry, you can;
They’ll also send them to the other provinces at no cost.
Take the business registration information to a service provider
After going through the other steps, you can now proceed to taking your business registration information to a service provider.
You can find an authorized business registry by clicking here.
Visit them with the following documents;
- Your business name information
- A valid ID card
- Your Business Name Report (if you used it)
- The required fee
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