An Alberta corporation is an independent legal entity that exists separate and apart from its owners (shareholders). Basically, the corporation acts as a ‘person’.
As a ‘person’, a corporation can:
buy, sell and own assets, including land
You don’t need to be a large business to register as a corporation. A small business with only one owner can register as a corporation.
If you need help deciding if a corporation is the best form of business, it’s highly recommended you get legal advice.
Choose a name
An Alberta corporation name consists of 3 elements:
‘ABC Building Supplies Ltd.’ is an example of a corporation name that contains all 3 elements.
A distinctive element is a unique word or location that makes your corporation name different from others.
In the example above, ‘ABC’ is the distinctive element.
A descriptive element describes what the corporation does or what the corporation is.
In the example above, ‘Building Supplies’ is the descriptive element.
All Alberta corporations are required to have a legal element at the end of their name.
In the example above, ‘Ltd.’ is the legal element.
Accepted legal elements
The following legal elements are permitted by the Business Corporations Act:
- Unlimited Liability Corporation
The ‘Professional Corporation’ element can only be used for one of the following types of professions:
Chartered Professional Accountants
Your corporation can also use a ‘number’ name, such as ‘785843 Alberta Inc.’
the number portion of the name is assigned by Corporate Registry
‘Alberta’ always forms the second part of the name
You may choose one of the standard legal elements above.
Get an Alberta NUANS report
You need to obtain an Alberta NUANS report and review it to make sure there is no other corporation with an identical name or a name that is too similar to your proposed corporation name. Unlike business names, identically named corporations are not allowed.
If another corporation feels your corporation’s name is too similar to theirs, they can file an objection through the Registrar of Corporations
If the Registrar agrees with the objection, your corporation can be forced to change its name
You don’t need a NUANS report when the proposed name will be a ”number name’ assigned by Corporate Registry, e.g. 9999999 Alberta Ltd.
The NUANS report reserves the proposed name for 90 days
The complete report, whether an original or fax copy, must be submitted with the incorporation details and must be less than 91 days old
Fill out the incorporation forms
Collect information needed for incorporation
Articles of Incorporation (PDF, 2 pages)
Notice of English/French Name Equivalency (PDF, 2 pages) (optional)
Record your corporation’s address
The registered office needs to be a physical location in Alberta so that the corporation can get legal documents delivered.
The records address, if not the same as the registered office, also needs to be physically located in Alberta.
You’ll need a mailing address in Alberta for the corporation if you don’t have mail delivered to the registered office.
Notice of Address (PDF, 2 pages)
Elect a director
Elect or appoint at least one director for your corporation and record that information on the Notice of Directors.
Directors must be adults and at least one-quarter of the board must be Canadian residents.
Notice of Directors (PDF, 2 pages)
Starting a new Business in Alberta?
Company Formations is the Quickest, Easiest and Affordable Way to Incorporate, Register, Create, Start, Establish or Form any type of company in Alberta.
Company Formations Canada provides fast and easy Alberta Incorporation Service and provides all the documents your new Alberta corporation will need to stay up-to-date and in compliance with the Alberta Business Corporation Act.
Why should I incorporate in Alberta?
One of the most frequently asked questions by entrepreneurs starting a new business is: “Should I incorporate?” The answer to this question is usually: “That depends on your particular situation and your particular needs.” Among the factors to consider in making these decisions are the benefits of incorporating (versus operating the business as a sole proprietorship or partnership) and the implications that incorporation may have for the business.
Benefits of incorporating
Separate legal entity
Lower corporate tax rates
Greater access to capital
Incorporate today online your new company in Alberta. Fast, Easy, Online. Click here to incorporate a new Alberta Corporation.