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Are you looking to incorporate your business? Do you want to have personal protection from the operations of your business? At Navigator Law, we are able to incorporate your business, including providing a NUANS name search for a reasonable fee.
WHAT IS INCORPORATION?
Incorporation is a legal process that sets up a corporation as a separate legal entity. A corporation can legally act as a ‘person’, separate from its business owners.
A corporation is able to make contracts, open bank accounts, buy and sell assets such as land and real estate, file lawsuits, and be sued.
A business can be incorporated in one province, multiple provinces, or federally. The location of incorporation you need depends on the location of your business, the scope of your business, and your future business plans. A business lawyer can help advise you on incorporation and the pros and cons of different options.
The legal process of business incorporation can be quite complex, so it is beneficial for businesses of all sizes to get legal advice to help navigate business incorporation.
THE INCORPORATION PROCESS
To incorporate your business in Alberta, you’ll need to go through the following steps.
WHY SET UP YOUR COMPANY AS A CORPORATION?
While there are extra initial and ongoing costs and higher administrative requirements associated with incorporating a business, there are also a number of important benefits of incorporating.
There are no limitations to the size of your business in order to incorporate it. Even as a new business or a small business, you can access the benefits of incorporation.
Depending on your specific business, the financial situation of your business, and legal risks, it may be time to incorporate. An incorporation lawyer can help you understand the benefits and drawbacks in your particular circumstances.
There are 4 main benefits of incorporating a business.
Your lawyer or law firm can help you with the incorporation process, understand the requirements for incorporating, and the type of business structure that is right for your business.
OUR INCORPORATION SERVICES
At Navigator Law, our experienced business lawyers can help you navigate the incorporation process. Let us ease your workload, give you peace of mind that your corporation has been set up correctly, and prevent any legal issues and risks in the process.
As a full-service law office, we offer legal advice and assistance with any aspect of setting up and running a business. Our law office offers a wide range of business law services to help you and your business succeed. Drawing from other legal practice areas, our legal services can extend far beyond incorporation. From incorporation, advice on corporate structure, tax planning, and estate planning, we can help.
We offer effective, experienced legal advice. Contact Navigator Law today to make an appointment at our NW Calgary, Alberta office and to learn more about how we can help you incorporate your business.
FREQUENTLY ASKED QUESTIONS
No, but there are tax, business planning, and legal benefits to incorporating your business. A lawyer can help you understand the specific benefits and drawbacks of incorporating your business.
In Alberta, there is a $275 government fee for incorporating a business. There is also a fee for getting a NUANS report and any applicable legal fees.
You can either choose a numbered company, for example, 12345 Alberta Ltd. or a proper name for your corporation. In Alberta, a corporation name must be distinctive, descriptive, and legal. A NUANS report can help you prevent issues with identical or similar names.
All Alberta corporations must have a legal element at the end of their name, for example, ltd. inc., or corp. Only specific professions can use the professional corporation legal element.
That depends on the scope of your business operations and the plan for your business. If you own a small business that only operates within your province, you probably don’t need federal incorporation. On the other hand, federal incorporation may be a better fit for your business if you operate in multiple provinces, internationally, or have plans to expand your business to other parts of the country. An incorporation lawyer can help you determine the right way to incorporate your business.
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