Corporate & Commercial Law

/Alberta Corporations: Different Types To Meet Your Business Needs
Alberta Corporations: Different Types To Meet Your Business Needs 2018-03-08T22:03:46+00:00

Incorporations

alberta corporations; alberta companies; incorporating alberta; calgary corporations

Alberta Corporations: Picking The Right One To Save Money & Liability.

Know What Type Of Alberta Corporation You Need

Many people do not give thought as to the type of Alberta corporations that are available. While they may have heard about numbered companies and know that some companies have names, they may not know the other Alberta corporations that they can use. In some situations you have no choice but to use a specific one of the various Alberta Corporations. The corporate lawyers at Kahane Law Office in Calgary, Alberta can help with making sure you use the right Alberta corporation. Call today: 403-225-8810.

Incorporating offered many advantages and benefits. The different Alberta Corporations, and other legal entity similar to Alberta Corporations include:

Named Corporation

Named corporations are frequently used Alberta Corporations. You decide on the name of the corporation. It offers you all the advantages of Alberta corporations. This link will bring you to the specific details of named corporations in Alberta.

Numbered Corporation

Numbered corporations are very similar to named corporations with one obvious exception. A numbered corporation is just a number followed by “Alberta Ltd”. The number is assigned by the government. The corporations are less expensive than named corporations. This link will bring you to the specific details of numbered corporations in Alberta. We also have a page dedicated to the differences between named and numbered corporations.

Professional Corporation

A professional corporation are a specific variety of Alberta corporations. They are sued by specific professions. These include doctors, accountants, dentists, engineers and lawyers. While professional corporation allow for the tax advantages of incorporating, they often do not protect from liability. Learn more about professional corporations here.

Trade Name

A trade name is not considers a variety of Alberta Corporations. They are not corporations at all and offer none of the benefits of incorporating. A trade name is a business name that is registered. This offers limited intellectual property protection for the trade name but is not a substitute for trademarking an name. Learn more about trade names in Alberta.

Condominium Corporation

A condominium corporation is one of the Alberta corporations not incorporated under the Business Corporations Act. They are created under specific legislation, the Condominium Property Act.

Society

Societies are registered organizations. They are legal entities. They are registered under the Societies Act. Societies are often used for not for profit situations. Once established properly, they may be used (in specific situations) for getting Charitable status with the Canada Revenue Agency. Other times they are only used to maintain a legal standing for a group that is not in the business of making a profit.

Charity

Charities get their charitable status from the Canada Revenue Agency. The advantage to a charitable organization is that it can issue tax receipts. A charity does not exist as a legal entity on its own.

Help Deciding on Alberta Corporations

The corporate lawyers at Kahane Law Office in Calgary, Alberta can help you navigate the different Alberta corporations. Our first job will be to determine the right business structure for your new business. We, if incorporation is the way to go, can help you pic the right corporate entity to use. Call today and book an appointment. We can be reached at 403-225-8810 locally in Calgary, Alberta or you can reach us toll-free at 1-877-225-8817 or email us directly here.