Should I Appoint a Law Firm as the Records Address for my Business?

David van Moorsel

By law, Alberta corporations are required to have both a registered office and a records address. It must be a physical address (not a PO box) and must be accessible to the public during normal business hours. It’s common for corporations to appoint a law firm to act as the records address of a corporation. This usually means that the … Read More

Should I Appoint a Law Firm as the Registered Office for my Business?

David van Moorsel

By law, Alberta corporations are required to have both a registered office and a records address that are open to the public during regular business hours. This is to ensure that members of the public, shareholders, directors and creditors are able to access certain records of the corporation, and to allow service of legal and other documents upon the company. … Read More

Inc. vs. Ltd. vs. Corp.

David van Moorsel

Corporations registered in Canada are generally required to have a corporate name that includes all of the following elements: In the name “Ace Furnace Repair Ltd.”, the word “Ace” is the distinctive element, “Furnace Repair” is the descriptive element, and “Ltd.” is the legal element. Although the options available for the descriptive and distinctive elements are almost limitless, the list … Read More

Voting vs. Non-voting shares

David van Moorsel

One of the most important attributes of the shares of a corporation are whether they carry the right to vote. Voting Shares As the name implies, holders of voting shares are entitled to receive notice of and vote on certain decisions made by the corporation. Voting shares are the most common shares to be issued by a small private corporation … Read More

Common vs. Preferred shares

David van Moorsel

The two main types of shares issued by private corporations are common and preferred shares. Each are described below. Common Shares Typically common shares do not have a fixed value. They are equity shares, meaning their value increases and decreases with the overall value of the corporation. If a corporation has a value of $100 and has 100 common shares … Read More

Corporate Name Protection vs. Registered Trademarks

David van Moorsel

Is my corporate name protected once the corporation is registered? For provincial corporations, registering a corporate name provides limited protection for that name within the province in which the corporation is registered. Others are typically prevented from registering the same, or a similar name within that province, but not any other provinces. This means that you can have multiple corporations … Read More

What are some other name restrictions?

David van Moorsel

The following is a list of additional restrictions applicable to the naming of your new corporation: 1)  The name cannot be identical to any of the following: any currently registered federal corporations; any active names of corporations extra-provincially registered in Alberta; names of Alberta corporations that are active or were dissolved less than 6 years ago; names that have been … Read More

What are the basic requirements of corporate names?

David van Moorsel

If you choose a named corporation, we’ll need to confirm the availability of your proposed name prior to registration. This requires that we order a NUANS name search which is an additional cost to you.  If you have a name for your business, we recommend registering a named corporation. All named corporations are required to have both a distinctive element … Read More

What is a numbered corporation?

David van Moorsel

Numbered corporations are automatically assigned a number by Alberta Corporate Registry. The legal element of a numbered corporation (Ltd., Inc., or Corp.) can be chosen by the incorporator. An example of a numbered company is 123456 Alberta Ltd. They are no different than named corporations in terms of their legal effect, rights, etc. In most cases, numbered corporations are not used … Read More

What is a fiscal year end?

David van Moorsel

A fiscal year end is also known as the tax year-end or financial year end for a corporation. It is the end date of a corporation’s annual reporting period for accounting purposes. Our organizational resolutions include the approval of a fiscal year end for the corporation. It can be changed at a later date with the approval of the Canada … Read More