OPEN A NEW BUSINESS IN ALBERTA
$600
$650
$650
First question to be asked, are you trying to register a business that has its own existence (legal entity) and with limited liability (LLC)? If the answer is yes, then your choice is business incorporation. A limited liability simply mean, if anything wrong happens to your business, the liability goes to the business itself, not to your personal life. Among the above choices, only Incorporation has the advantage of limited liability and legal existence
$650
$650
$650
First question to be asked, are you trying to register a business that has its own existence (legal entity) and with limited liability (LLC)? If the answer is yes, then your choice is business incorporation. A limited liability simply mean, if anything wrong happens to your business, the liability goes to the business itself, not to your personal life. Among the above choices, only Incorporation has the advantage of limited liability and legal existence
$65
$650
$65
You must obtain an Alberta NUANS report and examine it to ensure there are no existing corporations with the same name or a name that closely resembles your proposed corporation name. Unlike business names, corporations cannot have identical names.
$70
$70
$65
This is the best choice when you are just starting a very small business, where you even not sure, you will have any customer or not. The sale and transaction is so small that you feel there is no issue of liability nor tax benefits. A Sole Proprietorship also a good choice when you are a foreigner in Canada; because to make a corporation you or your partner (at least 25% of the owners) has to be either Canadian citizen or Permanent Resident (exception for British Columbia only). Sole proprietorship is where you have a single owner; if more than one owner, it becomes a General Partnership.
$75
$70
$75
A partnership is just another form of sole proprietorship where more than one owner involved. This is a non-incorporated form of business hence, liability goes to the partners; tax benefits can’t be claimed and as well as no perpetual existence. This form of business is best when you fall into the category of sole proprietorship, but has more than one owner. A major difference between a sole proprietorship and partnership is, a partnership must have a partnership agreement, while sole proprietorship does not need that.