Neufeld Legal P.C. 403-400-4092 Chris@NeufeldLegal.com
BASE COST FOR INCORPORATING
To provide some preliminary guidance to individuals looking to incorporate an Alberta company with the legal assistance of Neufeld Legal P.C., we have providing the following outline of the base costs associated with incorporating. Nevertheless, it should be remembered that these are merely the base costs, with additional legal work, registrations and professional support incurring further costs that you will be responsible for and will not be covered in the base costs. For this reason, it is important that the following chart be viewed merely as a starting point from which additional work will incur additional costs and expenses.
Base costs for incorporation# (approximates, please call to confirm):
+ beyond the base incorporation are such matters as licensing, foreign registrations, unanimous shareholder agreements, legal consultations, amongst a range of contracts and legal advice
* Standard hourly legal rate of lawyer Christopher Neufeld for work beyond the base incorporation work is $400 per hour, plus applicable taxes, disbursements and other charges.
# The foregoing Base Incorporation Cost does not apply to professional costs given the additional work that needs to be undertaken and the fees that are due to the applicable professional governing associations, which vary, so contact us for specifics.
As such, when your business seeks the professional services of experienced legal counsel, whether when incorporating a new Alberta company, your business can look to the Calgary, Alberta law firm of Neufeld Legal P.C. Contact us at 403-400-4092 or via email Chris@NeufeldLegal.com.
Alberta Business Corporations Act
- important elements
Distribution to the public
3(1) For the purposes of this Act, securities of a corporation
(a) issued on a conversion of other securities, or
(b) issued in exchange for other securities
are deemed to be securities that are part of a distribution to the public if those other securities were part of a distribution to the public.
(2) Subject to subsection (3), for the purposes of this Act, a security of a body corporate
(a) is part of a distribution to the public if, in respect of the security, there has been a filing of a prospectus, statement of material facts, registration statement, securities exchange take‑over bid circular or similar document under the laws of Canada, a province or territory of Canada or a jurisdiction outside Canada, or
(b) is deemed to be part of a distribution to the public if the security has been issued and a filing referred to in clause (a) would be required if the security were being issued currently.
(3) On the application of a corporation, the Commission may determine that a security of the corporation is not or was not part of a distribution to the public if it is satisfied that its determination would not prejudice any security holder of the corporation.
1981 cB‑15 s3;1988 c7 s3;1995 c28 s64
* For the full statute, please click on this link. Nothing should be read in the abstract and specific legal advice is always recommended.