How do I incorporate my business in Alberta?

How much does it cost to incorporate a business in Alberta?

Based on our research, the average legal fees you can expect to pay for an Alberta incorporation are between $750 to $1,500. 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.

Do you need a lawyer to incorporate in Alberta?

Generally, we recommend to clients that they use the services of a lawyer to incorporate a company. … This article outlines the steps to incorporating a company under the Alberta Business Corporations Act. Note that the words”company” and “corporation” will be used interchangeably.

How long does it take to get incorporated in Alberta?

How long will it take to Incorporate in Alberta? Incorporating will take (usually) three or four business days, once we have full information and payment from you.

When should I incorporate in Alberta?

If you are entering into many contracts (including leases, franchise agreements, licensing, or service or supplier contracts) you should strongly consider incorporating your business.

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What is required to incorporate a business?

A corporation or LLC with business locations in multiple states may incorporate in a single state and then register to do business in additional states. This means, to incorporate your business, you must formally register, file annual reports, and pay annual fees to conduct business in multiple states.

How do I start an incorporated business?

Learn how to incorporate your Alberta-based business.

How to apply

  1. Choose a name. An Alberta corporation name consists of 3 elements: …
  2. Get an Alberta NUANS report. …
  3. Collect information needed for incorporation. …
  4. Record your corporation’s address. …
  5. Elect a director. …
  6. Appoint an agent for service. …
  7. Submit your application package.

How expensive is it to incorporate?

Costs to Incorporate with the Standard Package

State Click on State name to learn more C Corp Package LLC Package
California $1150 $1180
Colorado $ 485 $ 485
Connecticut $1000 $ 670
D.C. $ 845 $ 845

Is it better to incorporate or sole proprietor in Canada?

Liability. One of the main advantages of incorporation is limited liability. A sole proprietor assumes all of the liability for their company. … As an incorporated contractor, you a shareholder in a corporation and you are not responsible for the debts of the corporation unless you have given a personal guarantee.

How much does a corporation cost?

1. Corporations – California (Domestic)

California Corporations (Filing Tips) Fees
1. Articles of Incorporation – General Stock $100.00
2. Articles of Incorporation – Close $100.00
3. Articles of Incorporation – Professional $100.00
4. Articles of Incorporation – Nonprofit Mutual Benefit $30.00

Do I have to register my business in Alberta?

In Alberta, registering a business name is necessary to operate a sole proprietorship under any name other than your own or to operate a partnership, a limited partnership, or a limited liability partnership (LLP). … Of course, business registration is necessary for corporations.

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Why should I incorporate my business?

4. Incorporate before hiring employees helps to protect your assets. … If you run your business as a sole proprietorship, you as an individual are liable and your personal assets are at risk. However, if you have incorporated, the corporation or LLC is the employer and takes on this liability risk.

What is the corporate tax rate in Alberta?

The Job Creation Tax Cut is the government’s legislated plan to reduce Alberta’s general income tax rate on businesses from 12% to 8%.

Corporate income tax rates.

General corporate income tax rate Tax rate
July 1, 2019 11%
January 1, 2020 10%
July 1, 2020 8%

How do I register a company in Alberta?

How to apply

  1. Step 1: Choose a business name. Although there are few restrictions on a business name, you should choose your name carefully. …
  2. Step 2: Get a Business Name Report. This step is recommended, but not mandatory. …
  3. Step 3: Fill out the forms. …
  4. Step 4: Take your Alberta registration information to a service provider.