Starting a business in Alberta is an exciting step, but it’s important to follow the right process to ensure everything is set up correctly.
Step 1: Choose a Business Name
Your business name must be unique. In many cases, a NUANS name search is required to confirm that your name is available.
Step 2: Complete a NUANS Name Search
A NUANS report compares your proposed name against existing businesses in Canada to avoid conflicts.
Step 3: Register Your Business
You can register as:
- Sole proprietorship
- Partnership
- Corporation
Each has different legal and tax implications.
Step 4: Get a CRA Business Number
Register with the Canada Revenue Agency (CRA) to obtain a Business Number (BN) and set up accounts (e.g., GST/HST, payroll).
Step 5: Set Up Bookkeeping
Organizing your finances from day one helps you stay compliant and avoid future issues.
Key Takeaways
Starting a business involves several steps, but with proper guidance, the process can be smooth and efficient.
👉 If you need help with business registration, NUANS, or CRA setup, contact Arizen Tax and Business Inc. for support in Edmonton.