Frequent question: Who to talk to about starting a business in Alberta?

It is highly recommended that you speak with a lawyer if you are thinking about or are starting a business. The first step when starting a business is to choose a form of business. Each form of business has different succession rules, as well as specific tax and liability consequences.

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

The Government fee for incorporation is $275.00 plus the cost of a NUANS search. Corporate Registry offices throughout the Province will also have an additional administrative fee that is approximately $225.00, making the total cost of incorporation over $500.00.

Who do I contact about starting a business?

5 People You Should Talk With Before Starting a Business

  • Your spouse. One of the first people you should talk with about this new venture is your spouse. …
  • A lawyer. Starting a business involves a few legal hoops, so you’ll want to talk with a lawyer. …
  • An accountant and trusted advisor. …
  • A business coach or mentor. …
  • A banker.

Do I need to register my small business in Alberta?

In Alberta, registering a business name is required to operate a sole proprietorship under any name other than your own, or to operate a partnership, limited partnership, or limited liability partnership (LLP).

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What is the best business to start in Alberta?

10 of the best business ideas to start in Alberta

  • Pet daycare. If you love animals, starting an animal care business could be a smart move. …
  • Home cleaning solutions. …
  • Delivery driver/moving business. …
  • Lawn care/snow removal. …
  • Dairy/beef farming. …
  • Funeral home. …
  • Garbage disposal/junk removal. …
  • Daycare centre.

Can you run a business without registering it?

It is entirely legal to operate as a sole proprietorship without registering your company. … All you need for IRS recognition is that you file your first business tax return, as required by federal law.

Can I hire someone to help me start a business?

You might enlist the help of some different advisors — accountant, lawyer, recruiter. It’s also a good idea to talk to your family and other business owners before getting started. Taking advantage of experts in small business mentoring can save you time and put your mind at ease. Don’t be afraid to ask for advice.

What Are the Legal Requirements for Starting a Business?

  • Create a LLC or Corporation. …
  • Register Your Business Name. …
  • Apply for a Federal Tax ID Number. …
  • Determine If You Need a State Tax ID Number. …
  • Obtain Business Permits and Licenses. …
  • Protect Your Business with Insurance. …
  • Open a Business Bank Account. …
  • Consult the Professionals.

How do I start my own business in Alberta?

Steps to Starting a Business in Alberta

  1. STEP 1: CHOOSE A FORM OF BUSINESS.
  2. STEP 2: CHOOSE THE JURISDICTION.
  3. STEP 3: CHOSE A BUSINESS NAME.
  4. Step 4: REGISTER THE BUSINESS AND THE BUSINESS NAME.
  5. ADDITIONAL REQUIREMENTS FOR CORPORATIONS:
  6. ADDITIONAL REQUIREMENTS: LICENSING, INSURANCE, REGULATIONS AND BY-LAWS.
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How much does it cost to register a sole proprietorship in Alberta?

How to register your Trade Name / Sole Proprietorship in Alberta. The cost for registration is $60.00.

Should I incorporate or sole proprietorship?

Sole proprietorships are relatively simple. There are fewer registration requirements and the costs are low. Incorporation is more expensive, and the process is more involved. For example, the company’s articles of incorporation must be prepared, and name registration is required.

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