A corporation is a self-sufficient legal entity that is distinct and separate from its shareholders or owners. In essence, the corporation functions as a “person.” In its capacity as a “person,” a corporation has the ability to acquire, dispose of, and possess assets, including real estate. It can also enter into agreements, initiate legal proceedings, and be the subject of legal action. It is not necessary to be a large corporation to register as one. Even a small business that is solely owned can register as a corporation.
In Alberta, a corporation name consists of three elements: distinctive, descriptive, and legal.
The ‘Professional Corporation’ element is reserved for specific professions, including Chartered Professional Accountants, Chiropractors, Dentists, Lawyers, and Optometrists. Additionally, a numbered name assigned by Corporate Registry, such as ”890191 Alberta Inc.,’ can be used, where ‘Alberta’ always forms the second part of the name.
Before incorporating a named corporation, you need to obtain an Alberta NUANS report to ensure that there is no identical or too-similar corporation name. This report reserves the proposed name for 90 days and must be submitted with the incorporation application. You can obtain a NUANS report at our office, and it takes approximately 5-10 minutes to retrieve the result. However, a NUANS report is not required when the proposed name is a ‘number name’ assigned by Corporate Registry.
To incorporate a corporation in Alberta, you must bring or email the completed and signed application forms, Articles of Incorporation, Notice of Address, Notice of Directors, Notice of Agent for Service/Change of Agent for Service, and an Alberta NUANS report (not older than 90 days). Additionally, you need to provide one piece of government-issued photo identification such as a provincial driver’s license or passport. You can submit your request by email along with all the necessary forms and supporting documents. After our corporate specialist reviews your application, an electronic invoice will be sent to you for payment. We normally process payment first and send receipt. Once payment is received, your request will be processed within 2 business days.