Incorporation is the business equivalent of creating another person. Incorporation creates a body that is responsible for any legal obligations that a business might generate such as taxes. It also protects the business owner or owners from liability for things like the debts of the business or legal actions against the business by others.
There are a number of different forms of incorporation. You should consult a lawyer or an accountant to determine which form is best for your business.
Registering a business name in Alberta requires completion of one of two forms, either:
Completing these forms requires the following information:
On the assumption you intend to build a successful business, you will want to assure your business is the only one using the name you chose. Why? Because you will be building a reputation for your business and customers will identify your business by its name.
Each year businesses, large and small, spend billions of dollars protecting their name and the reputation behind that name. Part of that protection is legal protection through mechanisms such as registered trademarks, copyright, and so on.
To name an incorporated business you must present the following: