Individual Ownership: An individual, such as a sole proprietor, can register a trade name to operate their business under a name other than their own legal name. This allows them to conduct business using a more recognizable or marketable name while remaining personally responsible for the business's liabilities. Corporate Ownership: A corporation, which is a separate legal entity from its owners (shareholders), can also register a trade name to conduct business under a specific name. This is common for corporations that want to operate under a different brand or want to use a name that is more suitable for their business activities.
A business name search is a process of checking the availability of a specific business name to determine whether it can be legally used for a new business registration.
When you register in Alberta, your Business will be automatically assigned a business number (BN). There is no cost to obtain a business number. A CRA business number allows access to various federal, provincial and tax programs.
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It is a way to categorize and classify businesses based on what they do, what products or services they provide. You can write down your business activities in a few words. Example: Construction services, IT Services Provider, Restaurant, Auto Repair Services...
Corporate Access Number can be found on the Certificate of incorporation which is also known as the registration number.
Alberta rules and regulations pertaining to Trade Name requires that a valid Photo ID must be submitted along with the application. An acceptable Photo ID includes Driver's license, Passport, firearms ID, permanent resident card
You have to register for a GST account if your business revenue is more than $30,000 in a single calendar or if you make taxable sales, leases or other supplies in Canada.
You need to register for a payroll program account if you pay salaries, gratuities, bonuses or allowances to your employees. Even if you as the owner of the business is the only employee who takes out salary, you will need to register a payroll account.
If you import goods into Canada or export goods to other countries, you need to register for an import-export program account.
In many situations, you may be required to provide notarized registration documents to government body, financial institutions or regulatory body.
We’ll mail the notarized registration documents via Canada Post regular mail. The delivery standard for regular mail is 7-10 business days.
