The process of incorporation depends on the type of entity you want to incorporate. For a limited company, you can have a ‘numbered’ or ‘named’ company.
A numbered company is comprised of three parts – the numbered part, which is assigned by Corporate Registry, the word ‘Alberta’, and your choice of one of the legal elements (e.g. 1234567 Alberta Ltd). A NUANS reports is not necessary for a numbered company.
A NUANS report for a named company is required to ensure that no one else has the identical name. If the report shows similar names, you will have to decide if the name you want is too close to the other names listed on the NUANS report. The report is valid for 90 days, so if you wish to use that name, you must incorporate within that time period.
Once a numbered or named company has been decided, the next step is choose the structure of your corporation. If you are unsure of what you want, it is a good idea to do some research by visiting a library, looking in the business section of a bookstore or talking to a lawyer, who will be able to advise you. You should understand and know what the following terms mean as each must be addressed as part of the incorporation process: