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Incorporating a business in Alberta with the assistance of a Business lawyer is a prudent choice, as it ensures that the process is handled correctly, all legal requirements are met, and your business is structured in a way that aligns with your goals and needs. Here's how you can incorporate your business in Alberta with the help of our business lawyer:
Consultation and Planning
Begin by scheduling a consultation with our business lawyer at the Alberta Law Office. During this initial meeting, you can discuss your business objectives, the type of corporation you want to form, and any specific legal considerations.
Our Business lawyer can help you perform a NUANS name search to ensure the availability of your chosen business name. We will guide you through the process of reserving the name if it's available.
Determine Corporate Structure
With legal advice, decide on the most suitable corporate structure for your business. This includes determining the share structure, appointing directors and officers, and understanding the tax implications of your choice.
Drafting Articles of Incorporation:
Our Business lawyer will draft the Articles of Incorporation, ensuring they are compliant with Alberta's legal requirements. This document is critical as it outlines key information about your corporation, including the share structure and governance.
Filing with the Alberta Corporate Registry:
Our Business lawyer will submit the Articles of Incorporation on your behalf to the Alberta Corporate Registry. They will ensure that all required information is included and that the submission is complete.
Obtain Necessary Business Numbers and Permits
Depending on your business activities, our Business lawyer can assist you in obtaining the necessary Business Number (BN) and Corporate Tax ID from the Canada Revenue Agency (CRA) and any other permits or licenses required for your specific industry.
Tax Planning and Compliance:
Our Business lawyer can provide guidance on tax planning and compliance, ensuring that your corporation meets its tax obligations at the provincial and federal levels.
Bylaws and Shareholders' Agreement:
Our Business lawyer can help you draft corporate bylaws and, if applicable, a shareholders' agreement. These documents establish rules and procedures for the operation of the corporation and address issues like decision-making, share transfers, and dispute resolution among shareholders.
Annual Compliance and Maintenance
Our Business lawyer can provide ongoing support to ensure your corporation complies with annual filing requirements, maintains accurate records, and remains in good standing.
Legal Advice and Support:
Throughout the incorporation process and as your business operates, our Business lawyer can provide legal advice and support on various matters, including contracts, employment issues, intellectual property, and more.
Working with our Business lawyer ensures that your business is set up correctly from the start and that you have access to legal expertise to navigate any challenges that may arise during the life of your corporation. While it involves legal fees, the investment can save you time, money, and potential legal complications in the long run.