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. Still not sure if you actually need a lawyer or if you're ready to incorporate at all? In other words, they're not being honest about what they're charging you for their services. An Alberta corporation name consists of 3 elements: ‘ABC Building Supplies Ltd.’ is an example of a corporation name that contains all 3 elements. Notice of English/French Name Equivalency (optional). You will need a mailing address in Alberta for the corporation if you do not have mail delivered to the registered office. We believe that it's our job to help you complete the incorporation process and that you shouldn't be charged extra to answer questions about how to set up your business correctly. Unlike business names, identically named corporations are not allowed. 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. A descriptive element describes what the corporation does or what the corporation is. Calgary is the jewel of Alberta. If you need help deciding if a corporation is the best form of business, we highly recommend you get legal advice. 1. How long will it take to Incorporate in Alberta? Although the cost to incorporate may be higher, incorporating with a traditional law firm is usually a better investment than trying to do it yourself. The service provider that processes your application will charge a government fee and a service fee. If shares aren't validly issued, the corporation does not have any legal owners. You need to take your forms to a registry agent or authorized Alberta service provider. Unfortunately, many do-it-yourself websites will only order the report on your instructions. To support a healthy relaunch, continue acting safely to prevent the spread. This brings the true cost to incorporate down significantly when you use our services. Let's take a look at each of them. Canada Extra Provincial Corporations. Incorporating a new company in Alberta. Keep in mind that these fees are for registration only, and don't include any of the "extras" described below. The corporate address, records office and mailing address must be in Alberta 5. Although some information is reviewed to ensure compliance with basic corporate registry requirements, do-it-yourself incorporators don't review your information to ensure that the corporation is set up in a way that is best for your business from a legal perspective. Our Premium and All In incorporation packages include 1 year of registered office and records address services at no extra cost. You will need to prepare the following forms: Articles of Incorporation – This is the primary organizational document and may be found here. 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. 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. We want people to understand all the benefits of incorporation . But are you really saving anything when you consider annual maintenance, legal issues and potential headaches? If the Registrar agrees with the objection, your corporation can be forced to change its name. That means no fancy paper is required. This guide explains in easy-to-follow steps how to incorporate a small “non-distributing” company under the Business Corporations Act. BONUS: Also receive a free comprehensive report to help, organizational resolutions of the directors and shareholders, share certificates (or notices of uncertificated shares). All of our incorporation packages come with legal advice from an Alberta business lawyer at no extra cost. Canada Extra Provincial Registration $199.99. 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. The current government fee for incorporation is $275. By incorporating your Saskatchewan business corporation by yourself, you can cut costs of using online corporation services or hiring a corporate lawyer. Stopping here is like building a car without wheels. If you choose to register as a numbered corporation, the number is assigned by the Corporate Registry. Benefits of Incorporating Your Business in Alberta. 0 $ 0.00. 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 … 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). Add that to your total cost to incorporate. 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. 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. Instead, we'll let the owners of do-it-yourself websites explain. 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. Share certificates are fancy pieces of paper that represent share ownership. The cost to incorporate was high, and consumers had very little choice. If you care about protecting your business and setting it up correctly, the higher incorporation fees are well worth it. You can incorporate a company yourself with very little trouble and no legal fees to pay. Elect or appoint at least one director for your corporation and record that information on the Notice of Directors. Providing legal advice requires a formal retainer and a review of your particular fact situation. More and more people are using a corporate structure for their businesses. 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. Clear All. Additional Mandatory Fees (add $350-$425), "Extras" - More Hidden Costs (add $225-$450). Legally Complete Incorporate the Right Way. USD - US Dollar; Qty. Compare Products. We added a peaked roof with blue tin and. We believe that if you're taking the time to incorporate a company, you probably want to keep it around. It can also make it more difficult to sell your business. It will most often be in the form of fill in the blank documents with lengthy, hard to understand instructions. This can lead to ownership disputes and headaches for tax purposes. Events such as Edmonton’s Eco-Solar Home Tour showcase ways to … The price advertised for incorporation services online is often between $50-$150. You should speak to a lawyer before using their services. When should you incorporate in Alberta is one of the most common questions our corporate lawyers get. So why might you want to choose to do it yourself? No products in the cart. Many websites charge a premium if you want your corporation registered in less than a week. Shares represent ownership of a corporation. Unfortunately, these services are not included with most do-it-yourself incorporations. Register. Click on the PDF link to save it on your computer. 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 can incorporate a company yourself in Alberta with no lawyer required! The complete report, whether an original or fax copy, must be submitted with the incorporation details and must be less than 91 days old. Directors must be adults and at least one quarter of the board must be Canadian residents. There are also plenty of sites out there that disguise a part of their fees. A small business with only one owner can register as a corporation. You can ignore these issues, but you do so at your own peril. If you have questions about our prices or would like to discuss monthly payment options, please contact us. 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. 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. If they're not honest about the fees that you're paying, it makes you wonder what else are they're misleading you about? Open the PDF from within Adobe Reader. The Benefits of Incorporating a New Business in Alberta. How to Incorporate a Business in Alberta By Yourself. We will also ensure that the necessary documents are completed to set up your corporation correctly the first time. 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. If you are thinking of incorporating a new business in Alberta, the following checklist may help you. 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 Congratulations on deciding to go into business for yourself. 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. Is incorporation a good fit for your business? Not as cheap to incorporate as some other places (f.e. While most start as a simple sole proprietorship, many new business expand and grow beyond the capabilities of one individual. The second item most often missing from do-it-yourself incorporation packages is completed documents. Steps to Incorporating a Company In Alberta Alberta Incorporation. In the example above, ‘Building Supplies’ is the descriptive element. 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. 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. Use the map view to find Alberta cheap homes for sale, based on city features or amenities that you may want close by. Named or Numbered Company? When you incorporate with us you're not just getting an incorporation, your also getting peace of mind. In our experience, this happens far more frequently than you would expect. Prices do not include the government registration fee (varies depending upon the type of registration). 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. Setting up a business involves important legal issues that need to be considered and addressed. Find out how at alberta.ca/COVID19. Unfortunately, that's usually not the case. The registered office needs to be a physical location in Alberta, so that the corporation can get legal documents delivered. An incorporated business (exact same thing as a corporation) is considered to be a legal entity that is separate from its owners and shareholders. What Are corporations In Alberta? The house is sided with white vinyl siding. In our experience, listing the business owner's home address as the registered office and records address often leads to problems. See the Registry agent product catalogue. If you fail to ensure that shares of a corporation are properly issued, your corporation will not have any shareholders. All of our incorporation packages include a free legal consultation. Home p In the example above, ‘ABC’ is the distinctive element. 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. A Nuans report is required to incorporate a named company in Alberta. 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