As a business owner, you have many responsibilities that you must attend to. You need to be aware of the laws and regulations governing your business. And if you don’t know how to register as an Alberta Corporation or Ltd., this article will help you!
How to Register a Business in Alberta?
If you’re planning on registering a business, there are a few things that you should know. Anyone 18 years old or older can register a business in Alberta if they live and work in the province. If they want to sell products or services through their website, they need to have lived in Alberta for at least 183 days within six months of submitting the application form. This means that if someone moves here from another province or country, they won’t be able to start selling goods online until those 183 days pass after moving here (unless this move was temporary).
Locate a Business Broker
A business broker is someone who can help you with all aspects of your business, from locating property and other assets to helping with marketing strategies. A good business broker will be able to guide you through the registration process and make sure that everything goes smoothly when it comes time for you to start trading.
There are two main ways to find a good broker: online or in person. If possible, choose an online service that offers reviews from past clients so that you know exactly what kind of work they’ve done for others before making any decisions about hiring them yourself (this might not always be possible). One thing we recommend specifically is asking around at local businesses where employees have worked before; those people may know which companies have decent reputations among their peers too!
One of the most important things to remember when choosing a business broker is that it’s not just about price; there are many other factors that will determine how well your business operates. The most obvious one is their experience and reputation in the industry, but you should also consider how much time they spend working with clients and what kind of support they offer as well.
Obtain a Business License
To obtain a business license, you must submit an application to the municipality where you plan to operate your business. The municipality will determine whether or not your application is approved and, if it is, issue you with a business registration certificate that is valid for one year.
Businesses located outside of Alberta may also apply for a license but they’ll need to meet some additional requirements before they can register their businesses in the province:
They must have their own website (if they do not already have one) and be able to show proof that they can handle all aspects of running their own company; this includes access to bank accounts and other financial resources such as insurance policies/coverage plans etc.
They must have employees who will work for them full-time during normal hours at least once per week
Register your Business Name
You will need to register your business name with the Alberta Corporate Registry. You can do this by filing a new application or renewing an existing one.
To file a new business name registration, complete Form B-17 – Business Name Registration (PDF) and submit it to us along with:
A copy of your Articles of Incorporation or Company Act; and/or An amendment to those documents if applicable; and/or If you’re registering more than one corporate entity in one province (for example, if you own two companies), please provide all relevant documentation from each company’s incorporators regarding their ownership structure
For example: If you own two companies and one of them is a limited partnership, please provide the Articles of Association from each company.
Open or Create a Bank Account
Once you’ve determined where to register your business, the next step is to open a bank account.
There are a few things to keep in mind when choosing a bank:
- Which branch(s) do you want to use? Do they have branches in your area? If not, how many miles from home will it be?
- What kind of accounts are available at this branch and what services do they offer?
- What interest rates will I get on my deposits?
- Will there be fees associated with opening/maintaining this account or accessing online banking services such as check writing and bill payment through their website/applications respectively?
Set up Insurance Coverage
You need to be aware of the different types of insurance coverage that are available for your business.
The most typical categories are listed below:
- General Liability – This covers any losses caused by your operations, including bodily injury and property damage. It also covers legal costs in case you’re sued as a result of something that goes wrong at work.
- Business Interruption – If someone suffers an injury or gets sick due to something related to your business, this type of insurance can cover their medical bills while they recover from their injuries (and possibly pay for lost wages). It’s important not only because it protects against financial losses but also because it offers peace of mind knowing someone else will take care of them if things go wrong during business hours
Appoint a Representative to represent you before the Government and Other Regulatory Bodies
It is important to appoint a representative to represent you before the government and other regulatory bodies. The representative needs to be a citizen or lawful permanent resident of Canada. He or she will be responsible for filing your annual returns, paying your taxes, and making sure you meet all the requirements of the law.
A business owner should consider using an accountant or bookkeeper who has experience dealing with small businesses in Alberta.
Conclusion
Registering a business in Alberta is now a simple process. We hope this guide helps you understand the process of registering a business in Alberta.
