Sole proprietorship

A sole proprietorship exists when an individual is the sole owner of a business and assumes all debts and obligations incurred by the enterprise.

  • It is the simplest form of business organization.
  • The sole proprietor has unlimited liability.
  • The sole proprietor’s personal assets may be seized if obligations are not met.

Alberta government resources

Forms: Trade Names, Partnerships
Download forms needed to register a sole proprietorship.

Obligations and Responsibilities after Incorporation or Registration
Ensure business is conducted according to provincial legislation.

Registering Trade Names, Partnerships and Limited Partnerships
Service Alberta provides information about registering business names.

Date Updated:
RDP-1672