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. Hours: 8:15 am to 4:30 pm (Monday to Friday, closed statutory holidays) This is to ensure that if anything goes wrong they won't be held responsible, even if their documents were incomplete or incorrect. 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. 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.’. The basic registration fee charged by the provincial government is $450. Basically, the corporation acts as a ‘person.’. Even if you purchased all of the available "extras", you'd still be missing a number of things necessary for your corporation to be properly set up, maintained and protected. Business Development Centre helps Incorporate in Canada, BC, Alberta, Ontario or Saskatchewan, Incorporation Services Canada Extra Provincial Corporations. 0 $ 0.00. Still not sure if you actually need a lawyer or if you're ready to incorporate at all? A distinctive element is a unique word or location that makes your corporation name different from others. Our Premium and All In incorporation packages include 1 year of registered office and records address services at no extra cost. This guide explains in easy-to-follow steps how to incorporate a small “non-distributing” company under the Business Corporations Act. As Alberta reopens, note that temporary changes to several acts and regulations that fall under the oversight of Service Alberta are no longer in effect as of August 15. Unfortunately, that's usually not the case. In the example above, ‘Ltd.’ is the legal element. Have fun trying to fix it. Here is a brief list of benefits you may or may not already be considering. Compare that with our website, which is operated by lawyers and includes legal advice with every incorporation. You can now fill and save your form. This can lead to ownership disputes and headaches for tax purposes. You may need to hire a lawyer to do so. Learn how to incorporate your Alberta-based business. Very few, if any, do-it-yourself websites are willing or able to act as your corporation's registered office and records address. An incorporated business (exact same thing as a corporation) is considered to be a legal entity that is separate from its owners and shareholders. And it's been ranked by The Economist 2 as the 5th most livable in the city. Because your minute book is digital, it's easy to transfer whenever you want. We added a peaked roof with blue tin and. Your communications will not be protected by solicitor-client privilege, and you won't have access to a lawyer's professional liability insurance if something goes wrong. If you need help deciding if a corporation is the best form of business, we highly recommend you get legal advice. Stopping here is like building a car without wheels. For more information, read the Fact Sheet (PDF, 311 KB). How long will it take to Incorporate in Alberta? If you incorporate with us you'll receive legal advice as part of the incorporation package. Basically, the corporation acts as a ‘person.’ As a ‘person,’ a corporation can: 1. buy, sell and own assets, including land 2. make contracts 3. sue 4. be sued You do not need to be a large business to register as a corporation. Register. That’s why Ownr is the quickest way to incorporate. Incorporating a new company in Alberta. Unfortunately, many do-it-yourself websites will only order the report on your instructions. This usually means that the owner's home address (which becomes publicly listed), is selected as both the registered office and records address. Keep reading for a detailed breakdown of the actual cost to incorporate in Alberta, and what you'll get for your money. Ownership from day one Ensure you have the legal documents required to own your company. When you incorporate with us, we make sure that the corporation is able to issue uncertificated shares. The directors may have physical addresses outside of Alberta 6. The house is sided with white vinyl siding. Many websites charge a premium if you want your corporation registered in less than a week. If you have questions about our prices or would like to discuss monthly payment options, please contact us. Tags:Compare Prices, cost to incorporate, fees, incorporation costs, legal advice. You have no items to compare. CA$12.95. While most start as a simple sole proprietorship, many new business expand and grow beyond the capabilities of one individual. After the first year, you can choose to continue receiving these services for a small fee, or move your corporation elsewhere. We're not aware of any traditional law firms that include a year of registered office and corporate maintenance services with their incorporation packages. These days a business owner can choose to incorporate with a lawyer, or incorporate directly with an authorized service provider (registry agent), either in a registry office, or online. 2. If you fail to ensure that shares of a corporation are properly issued, your corporation will not have any shareholders. Failing to fill these in correctly or at all could lead to serious legal problems. Posted by heritagelaw on Oct 4, 2019 in Blog, Commercial Law. Share certificates are fancy pieces of paper that represent share ownership. Four appliances will come with the house. If shares aren't validly issued, the corporation does not have any legal owners. Is it worth the risk to your business? Unfortunately there is a lot of misinformation out there regarding the cost to incorporate a company in Alberta. If you incorporate with us, your corporate minute book will be digital. Never miss an opportunity for a cheap home, by saving your searches. Named or Numbered Company? The two most common are for people to be sole proprietors or run their business as a corporation. Let us help guide you through it! The current government fee for incorporation is $275. (As with federal or Ontario corporations, because only one name choice can be reserved at a time, if the name you choose runs into trouble at the name reservation stage, the process can take a little longer.) You need to take your forms to a registry agent or authorized Alberta service provider. The first is the actual government registration fee. This can save you $250 or more in legal and government fees for annual maintenance. You are encouraged to consult a lawyer. If you incorporate with a traditional law firm and wish to receive these additional services, you'll need to pay an additional fee. It used to be that a law firm was the only place you could go to incorporate a company. See the Registry agent product catalogue. These often include the following items which are not included in the advertised price or additional mandatory fees and make the actual cost to incorporate in Alberta much higher: A corporate minute book is a book containing records of the corporation. Documents tailored for your business Make sure you have your paperwork in order. 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. This should make you think twice about using their business. Businesses can be run in a variety of ways. Timelines or other obligations have returned to normal. While incorporation isn’t legally required, it can bring a certain amount of legal protection for the business owner(s), potentially reduce your tax liability, and offer … If you have any questions, we won't have to tell you to hire a lawyer to figure it out. As a Canadian business owner, it is important to understand the different ways in which you can pay yourself. Federal Incorporation Package online. If you are thinking of incorporating a new business in Alberta, the following checklist may help you. The Nuans report shows similar small business, corporation and trademark names to your proposed name. Congratulations on deciding to go into business for yourself. So why might you want to choose to do it yourself? The price of incorporating with a traditional law firm varies significantly depending upon where you go. But are you really saving anything when you consider annual maintenance, legal issues and potential headaches? 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. David van MoorselApril 5, 2019Incorporation Options. You can incorporate a federal named or numbered company. If your corporation was formed in another province or country, it must be registered to carry on business in Alberta.. Small businesses are becoming more and more popular in Alberta as residents begin running their own operations to procure an income.. 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. 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. The second item most often missing from do-it-yourself incorporation packages is completed documents. A records address is the place where the corporation's minute book and other corporate documents are held. 1 or more persons can incorporate in Alberta 2. The incorporation lawyers at Kahane Law Office in Calgary, Alberta are here to help you decide if incorporating your business makes sense. Open the PDF from within Adobe Reader. The advertisements are meant to trick customers into believing that they can incorporate an Alberta company for this low price. Incorporating will take (usually) three or four business days, once we have full information and payment from you. The first is the actual government registration fee. BONUS: Also receive a free comprehensive report to help, organizational resolutions of the directors and shareholders, share certificates (or notices of uncertificated shares). As a premier member of the Charming Inns & Small Hotels of Alberta, the business is a major player in Alberta’s tourism and hospitality marketplace boasting an impressive repeat clientele of raving fans that come back year after year. The Benefits of Incorporating a New Business in Alberta. Canadian businesses can be incorporated at the federal or the provincial level - and I'll go over the details on that further down. But what about websites that claim the cost to incorporate is under $100? COVID-19: State of public health emergency. You will receive an email when your federal business number is issued. A small business with only one owner can register as a corporation. The registered office needs to be a physical location in Alberta, so that the corporation can get legal documents delivered. The current government fee for incorporation is $275. You can close in on a specific neighbourhood or area by simply drawing around it with the polygon or radius tools. Companies are incorporated in Alberta according to t… You can also register your corporation in British Columbia, Manitoba or Saskatchewan if you plan on doing business there. Good question. All of our incorporation packages include a free legal consultation. You will receive an Official Registration Certificate issued by Alberta government This certificate will entitle you to operate your Corporation in Alberta If you apply for tax accounts (and you should), you will receive documentation directly from appropriate government departments that administer those accounts. We want people to understand all the benefits of incorporation . Phone: 780-427-7013 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. Find out how at alberta.ca/COVID19. 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. Alberta is easier than ever. A small business with only one owner can register as a corporation. We want you to focus on growing your business, not paperwork. When you incorporate with us you're not just getting an incorporation, your also getting peace of mind. In addition to the address likely not complying with the legal requirement to be open during regular business hours, the minute book is often not updated when it should be, annual returns are not filed, or legal claims are not responded to in time leading to default judgments (where the party suing wins their case automatically). You will need to bring: If your information meets requirements, the service provider will enter it into the Corporate Registry computer system and give you a certificate of incorporation. All Alberta corporations are required to have a legal element at the end of their name. Please note that not all steps will be necessary for every corporation, and there may be some steps that are necessary for your corporation that are not included. Alberta-based NUANS – This search will identify whether the name you have chosen for your business is available. By incorporating your Saskatchewan business corporation by yourself, you can cut costs of using online corporation services or hiring a corporate lawyer. If you choose to register as a numbered corporation, the number is assigned by the Corporate Registry. If they're not honest about the fees that you're paying, it makes you wonder what else are they're misleading you about? 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. If you didn't understand a question or requirement and inputted the wrong information in a certain field, it's your problem. The complete report, whether an original or fax copy, must be submitted with the incorporation details and must be less than 91 days old. Alberta corporations. Not as cheap to incorporate as some other places (f.e. Home p Determining your business type. USD - US Dollar; Qty. Each and every document is specifically customized for your business. The law in Alberta requires that the registered office and records address of a corporation be a physical location that is open to the public during regular business hours. You may choose one of the standard legal elements above. If you want a named corporation, you'll need a NUANS name search report. Canada Extra Provincial Registration $199.99. The procedure to incorporate your business is complex. Quick, easy and guaranteed. In our experience, listing the business owner's home address as the registered office and records address often leads to problems. 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. To fill in and save this form: Notice of English/French Name Equivalency (PDF, 2 MB) (optional). You can use a numbered corporation, or select a proper name. 25% of the directors listed must be either a Canadian Citizens or Permanent Residents 3. When should you incorporate in Alberta is one of the most common questions our corporate lawyers get. If you are thinking about starting a small business or if your business is growing and you are ready to incorporate, there are a number of reasons to consider incorporating in Alberta. This topic will discuss the process of incorporation in Alberta. Notice of English/French Name Equivalency (optional). No products in the cart. Setting up a business involves important legal issues that need to be considered and addressed. Remove This Item ; Compare. You might think that if you purchase the base package and all of the extra's you'd be in pretty good shape. For a small fee we can continue to act as your registered office and records address for future years. This way, you get new listings in your inbox, daily or every week, based on your … This well-run business has earned yearly revenues from $900,000 to $1 million in the past 4 years, an enviable $270 average daily rate and a 11% cap rate. 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. Add that to your total cost to incorporate. Prices do not include the government registration fee (varies depending upon the type of registration). If you care about protecting your business and setting it up correctly, the higher incorporation fees are well worth it. 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. Unfortunately, these services are not included with most do-it-yourself incorporations. By law, Alberta corporations are required to have both a registered office and a records address. If you need a lawyer to ensure that what they're doing for you is correct and suitable for your circumstances, wouldn't it be easier just to hire a lawyer to incorporate? Shares represent ownership of a corporation. Email: [email protected] A registered office is a place at which documents, such as legal claims, can be served (delivered) upon the corporation. It will most often be in the form of fill in the blank documents with lengthy, hard to understand instructions. If another corporation feels your corporation’s name is too similar to theirs, they can file an objection with the Registrar of Corporations. Steps to Incorporating a Company In Alberta Alberta Incorporation. Unfortunately, others think that this should cost extra. There are also plenty of sites out there that disguise a part of their fees. A corporation is an independent legal entity that exists separate and apart from its owners (shareholders). No need to pay $50-$100 for a fancy binder. Use the map view to find Alberta cheap homes for sale, based on city features or amenities that you may want close by. 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. There are many advantages to incorporating. Keep in mind that these fees are for registration only, and don't include any of the "extras" described below. If you are trying to decide between an Incorporation and a more simple structure like a Trade Name or Partnership, please read Choosing Between a Trade Name and an Incorporation. This website was created specifically to address the needs of small business owners who want all of the benefits of incorporating with a lawyer, without the expense and typical time delay involved with doing so. To understand why it's important to hire a lawyer when you incorporate a business in Alberta, all you need to do is take a look at the disclaimer of any do-it-yourself website. 504-439 University Avenue, Toronto, ON 402-8815 Ave. du Parc, Montreal, QC 2030-10013 River Dr, Vancouver, BC 3275 Parsons Rd, 2nd Fl, Edmonton, AB What is the typical cost to incorporate with a traditional law firm? That means no fancy paper is required. Upon purchase, you will be responsible for moving the home from the property north. To begin, you must choose a name for your corporation. Despite most do-it-yourself websites stating that you don't need a lawyer to incorporate, they also clearly state in their disclaimers that you should speak to a lawyer before using their services. A corporation is an independent legal entity that exists separate and apart from its owners (shareholders). Incorporate a Company in Alberta . Additional Mandatory Fees (add $350-$425), "Extras" - More Hidden Costs (add $225-$450). 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. The corporate address, records office and mailing address must be in Alberta 5. This helps to ensure that your corporation is properly maintained. We believe that if you're taking the time to incorporate a company, you probably want to keep it around. Calgary is the jewel of Alberta. Perhaps this is another reason why they always recommend that you speak with a lawyer. 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. Your company will be registered, but there's a good chance that several important steps will be left unfinished. Why it still might make sense to incorporate with a traditional law firm. When you incorporate a business in Alberta with a registry agent, there are a couple of basic fees that you will have to pay. This is the actual price charged to a law firm or registry agent that submits the application to incorporate and needs to be added to your total cost to incorporate. You will need a mailing address in Alberta for the corporation if you do not have mail delivered to the registered office. This is one of the many reasons they recommend that you speak with a lawyer before using their services. This brings the true cost to incorporate down significantly when you use our services. 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). Alberta: You can register a business in Alberta through one of the authorized service providers. Based on our research, the average legal fees you can expect to pay for an Alberta incorporation are between $750 to $1,500. 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. Providing legal advice requires a formal retainer and a review of your particular fact situation. In the example above, ‘Building Supplies’ is the descriptive element. So why don't most do-it-yourself websites help you issue shares as part of the incorporation process? We offer 3 service packages, each with their own registration timelines. If the Registrar agrees with the objection, your corporation can be forced to change its name. 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. Optional services, such as express filing or annual registered office address fees can increase the cost substantially. Calgary, AB. 56 Houses in Alberta from $30,000. Register NOW Online a new Extra Provincial Corporation in any province or territory, according to the provisions of Extra Provincial Business Corporation Law. Once a corporation has been registered, it needs to be properly maintained. It may be a little difficult to find the disclaimer, because it's usually hidden somewhere in tiny font, however, most disclaimers are very similar and include the following terms: Only lawyers can provide legal advice. What Are corporations In Alberta? Standard Corporation. Denmark – Tax Efficient, Flexible Hiring and Firing. The NUANS website is located here. To support a healthy relaunch, continue acting safely to prevent the spread. Login. Lost your password? The price advertised for incorporation services online is often between $50-$150. 647-945-8873. The information on this website is general in nature and is not intended to to be legal advice. 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. Find the best offers for houses cheap alberta. Is incorporation a good fit for your business? Username or email * Password * Remember me Login. If you need help deciding if a corporation is the best form of business, we highly recommend you get legal advice. You do not need to be a large business to register as a corporation. Basic service provider fees are typically less than $100. … The idea of shrinking energy costs is appealing to most Albertans, who are increasingly finding ways to incorporate solar panels, energy-efficient appliances and other sustainable solutions in their homes. Click on the PDF link to save it on your computer. 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. 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. filing a corporate annual return with the Alberta Corporate Registry (not to be confused with the corporation's tax return); filing notices regarding any changes of shareholders and directors of the corporation; preparing annual shareholder resolutions as required by law; preparing director resolutions when required; making updates to the corporation's minute book. They won't help you to review it to prevent potential problems. The cost to incorporate was high, and consumers had very little choice. This is to ensure that documents can be delivered to the corporation and that people who are entitled to see the corporation's records are able to obtain reasonable access. 1. We will also ensure that the necessary documents are completed to set up your corporation correctly the first time. 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. Benefits of Incorporating Your Business in Alberta. Let's take a look at each of them. Events such as Edmonton’s Eco-Solar Home Tour showcase ways to … To incorporate a company in Alberta, one or more persons (called “the incorporators”) may form a company by completing the following steps: 1) Request an Alberta NUANS report and reserve the company’s name; 2) enter into an incorporation agreement; 3) establish the company’s articles; and 4) file an Incorporation Application with the Corporate Registry. Another set of expenses related to a do-it-yourself incorporation is for what's often referred to as "extras". A short 30-minute consultation can help you to avoid future problems, as well as the expense and headaches that go along with them. The service provider that processes your application will charge a government fee and a service fee. Of course any business that offers to prepare and submit your incorporation documents will want to be paid for this service.This fee goes by many names, such as a "registration fee", "admin fee", "service charge" or "other". Is incorporation the right fit for your business?Click here to find out. You'll work directly with a lawyer to ensure that your corporation is set up correctly. It may take a little longer, cost a little more, and you won't be able to do it online, but at least it will be done by a professional. In Alberta, it's not possible to register a corporation on your own. Add to Cart. Legally Complete Incorporate the Right Way. All of our incorporation packages come with legal advice from an Alberta business lawyer at no extra cost. A Nuans report is required to incorporate a named company in Alberta. It can also make it more difficult to sell your business. Instead, we'll let the owners of do-it-yourself websites explain. An Alberta corporation name consists of 3 elements: ‘ABC Building Supplies Ltd.’ is an example of a corporation name that contains all 3 elements. Denmark is seen as one of the easy countries in Europe to incorporate a business in, and it really has some great pros going for it: You can incorporate a company yourself in Alberta with no lawyer required! Some are not offered at all, and others could cost you as much as an additional $750 to complete. Income Splitting. Compare Products. You should speak to a lawyer before using their services. Ontario Corporation; BC … 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.). Fillable forms do not open properly on some mobile devices and web browsers. In most cases, we're able to complete your registration in 1-2 business days. Belize). You're responsible for inputting information correctly. Unlike business names, identically named corporations are not allowed. Registered office fees and government fees are also somewhat higher. Clear All. In our experience, this happens far more frequently than you would expect. Named corporations in Alberta require a The NUANS report reserves the proposed name for 90 days. That's why we include 1 year of legal support services with every incorporation. Directors must be adults and at least one quarter of the board must be Canadian residents. The records address, if not the same as the registered office, also needs to be physically located in Alberta. Address fees can increase the cost to incorporate is under $ 100 a. Listing a government fee for incorporation is $ 275 services online is often between $ 50- $ 100 a... Up your corporation will not have mail delivered to the cost substantially mobile! Or if you want a named company in Alberta, and do n't most do-it-yourself websites to your proposed for... Under the business owner 's home address as the registered office is a unique word or location that your... 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