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Alberta Authorized Registry
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Corporate Registry Services include Corporate Search, Trade name/Partnership Search, Incorporation, Trade name, partnership registration, Amendment, Revival, Dissolutions, Amalgamation and many more.
Q: I have a very small business. Should I form a corporation or should I register a trade name?
A: We suggest that you seek legal advice if you are not sure if you should have a trade name or a corporation. A lawyer will help you decide which is best for your business. It is very important for you to know your legal rights and liabilities. Our staff can't give legal advice.
Q: What's the difference between a trade name (sole proprietorship) and a corporation?
A: Trade names are business names registered to an individual or a corporation. You must register a trade name through an authorized service provider if you or your business:
- Is engaged in business for trading, manufacturing, contracting or mining purposes
- Is not associated in partnership with any other person or persons
- Uses as his business name some name or designation other than his own
- Uses his own name with the addition of "and company" or some other word or phrase indicating a plurality of members in the firm
A corporation is a distinct legal entity apart from the owners (shareholders). A corporation has the capacity, and, subject to the Business Corporations Act, the rights, power and privileges of a natural person. No member of the corporation can be held personally liable for the debts, obligations or acts of the corporation. A shareholder is only liable for the unpaid portion of shares owed. There may be certain tax advantages with incorporation.
A corporation has the capacity to carry on its business, conduct its affairs and exercise its powers in any jurisdiction outside Alberta to the extent that the laws of that jurisdiction permit.
Q: If I register a trade name, can anybody else use that name?
A: The same trade name can be used by many people. Registering the name in Alberta does not mean that you own that name. You could have legal problems if you use a name that is the same, or nearly the same, as an existing trade name, partnership name, corporation name, or trade mark. Choose your trade name carefully.
We recommend you get an Alberta Business Name Report (also known as NUANS report) to see if the name is already in use. You can get a name search report from a search house. The search house will charge a fee for the name search report. Your trade name cannot contain: "Limited", "Incorporated", "Corporation", or "Limited Partnership", or any version of these words.
Q: What is a corporate annual return? Does it have anything to do with taxes?
A: An annual return is information that the corporation must file for the year ending on the anniversary date of its incorporation or registration, or otherwise coming under the authority of the Business Corporations Act.
A corporate annual return details:
- The corporate access number and the name of the corporation
- The corporation address
- The applicable period the report applies to
- Whether changes have been made to the directors
- A list of shareholders, their addresses, and what percentage of voting shares they hold
Corporate Registry Annual Return has nothing to do with taxes. Contact Corporate Tax within the federal government or Alberta Corporate Tax at Alberta Finance for more information on filing a corporate tax return.