You will need to prepare the following forms: Articles of Incorporation – This is the primary organizational document and may be found here. Timelines or other obligations have returned to normal. CA$12.95. A Nuans report is required to incorporate a named company in Alberta. When you incorporate a business in Alberta with a registry agent, there are a couple of basic fees that you will have to pay. The only real benefit to incorporating with a do-it-yourself website or service is to save a few dollars on the initial incorporation fees. The basic registration fee charged by the provincial government is $450. Calgary is the jewel of Alberta. 56 Houses in Alberta from $30,000. If another corporation feels your corporation’s name is too similar to theirs, they can file an objection with the Registrar of Corporations. Upon searching the Nuans databank, we will ensure that the name you have provided appears to be unique from other businesses or corporations within the Nuans system. You may need to hire a lawyer to do so. Alberta: You can register a business in Alberta through one of the authorized service providers. Calgary, AB. 0 $ 0.00. Alberta corporations. Because your minute book is digital, it's easy to transfer whenever you want. We understand that entrepreneurs want to pay as little as possible, however, incorporating with a do-it-yourself website to save a few bucks on incorporation fees can easily cost you a fortune. The service provider that processes your application will charge a government fee and a service fee. Luckily, with our site you get all of the benefits of a traditional lawyer, with the speed, convenience and low fixed price of a do-it-yourself website. Register. Still not sure if you actually need a lawyer or if you're ready to incorporate at all? If you care about protecting your business and setting it up correctly, the higher incorporation fees are well worth it. To support a healthy relaunch, continue acting safely to prevent the spread. It's considered do-it-yourself and not full service, because most of the work is left up to you to complete on your own. Is incorporation a good fit for your business? You'll also have access to legal advice to ensure that your investment is protected. This is because they are not authorized to practice law, and likely aren't aware of the legal issues and problems that can arise if the corporation is not set up in the proper way. An Alberta corporation name consists of 3 elements: ‘ABC Building Supplies Ltd.’ is an example of a corporation name that contains all 3 elements. Our Premium and All In incorporation packages include 1 year of registered office and records address services at no extra cost. In our experience, listing the business owner's home address as the registered office and records address often leads to problems. There are lots of websites advertising low cost incorporation services for as little at $50, but these ads are very misleading and don't reflect the true cost of incorporating. The two most common are for people to be sole proprietors or run their business as a corporation. You can incorporate a federal named or numbered company. Congratulations on deciding to go into business for yourself. If you decide to go this route, there are 3 sets of fees you'll need to pay and a number of services that will be unavailable. This should make you think twice about using their business. Documents tailored for your business Make sure you have your paperwork in order. We've previously written about the importance of legal advice when it comes to incorporating a business in Alberta, so we won't repeat ourselves. If you fail to ensure that shares of a corporation are properly issued, your corporation will not have any shareholders. If you choose to do-it-yourself, you'll be working with someone that likely has no legal training, and is not bound by a lawyer's code of professional conduct. Share certificates are fancy pieces of paper that represent share ownership. If you are thinking of incorporating a new business in Alberta, the following checklist may help you. Add that to your total cost to incorporate. You need to get an Alberta NUANS report and review it to make sure there is no other corporation with an identical name or a name that is too similar to your proposed corporation name. When we incorporate a company on behalf of a client, we ALWAYS provide a fully complete digital minute book containing the following: Everything is fully customized to your situation and is sent to you for electronic signature. It can also make it more difficult to sell your business. Steps to Incorporating a Company In Alberta Alberta Incorporation. If so, we recommend speaking with a professional to help you make a decision. BONUS: Also receive a free comprehensive report to help, organizational resolutions of the directors and shareholders, share certificates (or notices of uncertificated shares). Basic service provider fees are typically less than $100. Once you add in registration fees and the costs of any extras, the total incorporation cost in Alberta with a traditional law firm is typically somewhere between $1,200-$2,000. You're responsible for inputting information correctly. While most start as a simple sole proprietorship, many new business expand and grow beyond the capabilities of one individual. USD - US Dollar; Qty. Remove This Item ; Compare. You can now fill and save your form. Directors must be adults and at least one quarter of the board must be Canadian residents. Compare Products. If you take into account the extra features and services included with our incorporation packages, we're confident that you won't find a better deal anywhere. Benefits of Incorporating Your Business in Alberta. Additional Mandatory Fees (add $350-$425) When you incorporate a business in Alberta with a registry agent, there are a couple of basic fees that you will have to pay. If they're not honest about the fees that you're paying, it makes you wonder what else are they're misleading you about? Incorporate a Company in Alberta . If you incorporate with us you'll receive legal advice as part of the incorporation package. But are you really saving anything when you consider annual maintenance, legal issues and potential headaches? It used to be that a law firm was the only place you could go to incorporate a company. The first is the actual government registration fee. Search for: Incorporate. What is the typical cost to incorporate with a traditional law firm? This way, you get new listings in your inbox, daily or every week, based on your … This can save you $250 or more in legal and government fees for annual maintenance. So why don't most do-it-yourself websites help you issue shares as part of the incorporation process? A corporation is an independent legal entity that exists separate and apart from its owners (shareholders). Fax: 780-422-1091, Mandatory measures remain in effect provincewide, Register your Alberta business in BC, Manitoba or Saskatchewan, Notice of English/French Name Equivalency, registry agent or authorized Alberta service provider, register your corporation in British Columbia, Manitoba or Saskatchewan, the number portion of the name is assigned by Corporate Registry, ‘Alberta’ always forms the second part of the name. If you incorporate with our law firm, your corporation will be set up with a comprehensive and flexible share structure reducing the chances of having to make expensive changes in the future. It doesn't really get its due in some list from some sources 1 because some smaller towns in the province have lower unemployment or a higher median household income — factors you probably care less about when you're retired. In the example above, ‘Ltd.’ is the legal element. What Are corporations In Alberta? Whether you use our services, or you use a traditional law firm, we strongly recommend that you hire a business lawyer to assist you with your incorporation and annual maintenance services. In Alberta, it's not possible to register a corporation on your own. Is incorporation the right fit for your business?Click here to find out. COVID-19: State of public health emergency. Unfortunately there is a lot of misinformation out there regarding the cost to incorporate a company in Alberta. To fill in and save this form: Notice of English/French Name Equivalency (PDF, 2 MB) (optional). After taking into account the advertised fee and the additional mandatory fees, the minimum cost to incorporate a business in Alberta is typically around $400. Add to Cart. Events such as Edmonton’s Eco-Solar Home Tour showcase ways to … A records address is the place where the corporation's minute book and other corporate documents are held. They won't help you to review it to prevent potential problems. We want you to focus on growing your business, not paperwork. Each and every document is specifically customized for your business. Belize). If you need help deciding if a corporation is the best form of business, we highly recommend you get legal advice. This is to ensure that if anything goes wrong they won't be held responsible, even if their documents were incomplete or incorrect. Upon purchase, you will be responsible for moving the home from the property north. A corporation is an independent legal entity that exists separate and apart from its owners (shareholders). Hours: 8:15 am to 4:30 pm (Monday to Friday, closed statutory holidays) Clear All. For a small fee we can continue to act as your registered office and records address for future years. All of our incorporation packages come with legal advice from an Alberta business lawyer at no extra cost. Notice of English/French Name Equivalency (optional). A registered office is a place at which documents, such as legal claims, can be served (delivered) upon the corporation. Instead, they sell you blank share certificates (often for a hefty fee) and leave it up to you to ensure that they're completed and issued properly, a process that requires more than just filling in blank certificates. If you decided to purchase all the extras, most of which are actually basic necessities for a corporation to be properly set up, your total cost to incorporate would be much closer to $1,000 than the advertised price of $50-$100. Use the map view to find Alberta cheap homes for sale, based on city features or amenities that you may want close by. Let's take a closer look at exactly what you'd be missing by not using a lawyer to incorporate: They're not lawyers and can't provide legal advice. You do not need a NUANS report when the proposed name will be a 'number name' assigned by Corporate Registry (for example, 9999999 Alberta Ltd.). Non-profit companies. The steps include: 1. Basically, the corporation acts as a ‘person.’. So much for transparency. Fillable forms do not open properly on some mobile devices and web browsers. You can incorporate a company yourself with very little trouble and no legal fees to pay. The information on this website is general in nature and is not intended to to be legal advice. Once you visit their site (and sometimes not until you start to fill out their forms), you'll notice that the actual cost to incorporate is much higher. You will receive an email when your federal business number is issued. Never miss an opportunity for a cheap home, by saving your searches. Although you may be able to purchase a corporate minute book for an additional fee, it will rarely contain all of the documentation necessary to properly set up a corporation. The following legal elements are permitted by the Business Corporations Act: The ‘Professional Corporation’ element can only be used for one of the following types of professions: Your corporation can also use a ‘number’ name, such as ‘785843 Alberta Inc.’. An incorporated business (exact same thing as a corporation) is considered to be a legal entity that is separate from its owners and shareholders. The incorporation lawyers at Kahane Law Office in Calgary, Alberta are here to help you decide if incorporating your business makes sense. Mandatory measures remain in effect provincewide. If you incorporate with us, your corporate minute book will be digital. If you factor this in to the cost to incorporate, your actual fee could be much lower than that of most do-it-yourself websites. We added a peaked roof with blue tin and. You are encouraged to consult a lawyer. No products in the cart. This guide explains in easy-to-follow steps how to incorporate a small “non-distributing” company under the Business Corporations Act. This includes doing the following on an annual basis: Failure to comply with these requirements can lead to legal issues for the corporation, including having the corporation struck from the Corporate Registry (meaning it no longer exists). Small businesses are becoming more and more popular in Alberta as residents begin running their own operations to procure an income.. The advertisements are meant to trick customers into believing that they can incorporate an Alberta company for this low price. Some are not offered at all, and others could cost you as much as an additional $750 to complete. Ownership from day one Ensure you have the legal documents required to own your company. Income Splitting. Registered office fees and government fees are also somewhat higher. If your corporation was formed in another province or country, it must be registered to carry on business in Alberta.. Why it still might make sense to incorporate with a traditional law firm. After the first year, you can choose to continue receiving these services for a small fee, or move your corporation elsewhere. Find the best offers for houses cheap alberta. If you didn't understand a question or requirement and inputted the wrong information in a certain field, it's your problem. When you incorporate with us you're not just getting an incorporation, your also getting peace of mind. Federal Incorporation Package online. The cost to incorporate was high, and consumers had very little choice. Click on the PDF link to save it on your computer. Many websites charge a premium if you want your corporation registered in less than a week. It's technically a car, but it's missing the necessary components to function properly. Alberta is easier than ever. Providing legal advice requires a formal retainer and a review of your particular fact situation. Prices do not include the government registration fee (varies depending upon the type of registration). Lost your password? The current government fee for incorporation is $275. Perhaps this is another reason why they always recommend that you speak with a lawyer. The registered office needs to be a physical location in Alberta, so that the corporation can get legal documents delivered. David van MoorselApril 5, 2019Incorporation Options. The directors may have physical addresses outside of Alberta 6. Quick, easy and guaranteed. This topic will discuss the process of incorporation in Alberta. Find out how at alberta.ca/COVID19. Keep in mind that these fees are for registration only, and don't include any of the "extras" described below. See the Registry agent product catalogue. All Alberta corporations are required to have a legal element at the end of their name. Tags:Compare Prices, cost to incorporate, fees, incorporation costs, legal advice. Here is a brief list of benefits you may or may not already be considering. You need to take your forms to a registry agent or authorized Alberta service provider. The Benefits of Incorporating a New Business in Alberta. A small business with only one owner can register as a corporation. By incorporating your Saskatchewan business corporation by yourself, you can cut costs of using online corporation services or hiring a corporate lawyer. Your company will be registered, but there's a good chance that several important steps will be left unfinished. 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