An incorporated name must contain a legal element, while a trade name or partnership name cannot. The main difference between a registered corporation and a trade name or partnership is that the trade name or partnership is not a distinct legal entity. Therefore, the proprietor(s) or partners are completely responsible for the debts and liabilities of the business.
The registration of a business name does not have any restrictions nor any right of ownership of the name. The registration of a business name is proof that it is used by a particular business and provides consumers with information on the identities of the owners.
Trade Name – When only one person is registering a business name (also called a sole proprietorship), a trade name is used.
Partnership – Occurs when when two or more persons register a business name. In an ordinary partnership, the partners are responsible for the debts of the partnership, sharing both in the profits and the risks of the business.
Limited Partnership – There are two types of partners: general and limited. Each type of partner has different rights and responsibilities.
Limited Liability Partnership (LLP) – A partnership consisting of partners carrying on practice in one or more eligible professions which include chartered accountants, certified management accountants, certified general accountants, lawyers, physicians, dentists, chiropractors and optometrists.
5120, 5850 – 88th Ave NE
Calgary, AB T3J 0Z7
info@neregistries.com
(403) 508-1105 (p)
(403) 508-1108 (f)
Mon: 9:00am – 7:00pm Tues-Fri: 9:00am – 6:00pm Saturday: 9:00am – 5:00pm
Sunday: 12:00pm – 5:00pm *closed 2nd Sunday of every month
Stat Holidays: CLOSED
2766 – 32nd St NE
Calgary, AB T1Y 6J7
sunridge@neregistries.com
(403) 291-9696 (p)
(403) 291-6811 (f)
Mon-Fri: 9:00am – 6:00pm
Saturday: 9:00am – 5:00pm
Sunday: 12:00pm – 5:00pm *closed 2nd Sunday of every month
Stat Holidays: CLOSED
1440 52 St NE #244
Calgary, AB T2A 4T8
marlborough@neregistries.com
(403) 272-5513 (p)
(403) 272-7037 (f)
Mon-Fri: 9:00am – 6:00pm
Saturday: 9:00am – 5:00pm
Sunday: 12:00pm – 5:00pm *closed 2nd Sunday of every month
Stat Holidays: CLOSED