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.
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 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.
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.
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.
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.
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.