How to Register your Home based Business

Having the chance to put up your own home business is one of the most fulfilling experiences in your life. But before you can actually put up your own home business, it is important that you first register your business name to make it a legally recognized company.

Things to consider when registering your business

Type of business ownership

Before you can actually register your home business in Alberta or in any Canadian province, you must decide on what type of ownership your business will be using. You have four choices - sole proprietorship, partnership, corporation, or cooperative.

The name of your business

The type of ownership your business has will have an effect on the name limitations. Basically, you would need to submit your business name to the provincial Corporate Registry for approval. When you submit the name of your business, make sure you have with you all the required documents, such as NUANS report, a document needed to prove that your business name is a unique name.

Fees to be paid

Throughout the business registration process in Alberta, you will be asked to pay fees. It's best that you consult a service provider or registry agent regarding the exact fees.

Once you've registered your home-based business, you can now focus on making your business turn into a profit-making enterprise. Make sure that you have set up a home office wherein you can do the tasks required for you to manage your clients and employees, if you hired any.