-
Vehicle Services
Vehicle Registration
Vehicle Registration Renewal (Register)
Out of Province and Country Vehicle
Vehicle Registration Transfer
Duplicate Vehicle Registration
Trailer Registration
Trailer Registration Transfer
Carproof
In-Transit Permit
Motorcycle and Off Highway Vehicle Registration
Replace Lost or Stolen Licence Plate
Disabled Parking Placard
Plate Cancellation
Personalized or Vanity Plate
Write-Off/Salvage Inspection Form
Vehicle Registration Confirmation Letter
Prorate Services & Fleet Services
Assigned VIN Program
Vehicle Seizure
Land Titles
Alberta Health
Additional Services
COVID-19 INFORMATION & UPDATE
HOLIDAY HOURS
Proprietorship or Sole Proprietorship
Proprietorship or Sole Proprietorship
A sole proprietorship is the simplest of all business organizations. When a person decides to operate a business without any formal business structure in place, that person operates a sole proprietorship. Quite simply, an individual with goods and services to offer conducts business either under their own name or under another name.
Unlike a registered corporation, a sole proprietorship is not a distinct entity apart from the individual. The sole proprietor owns all the assets of the proprietorship. Income from the business forms part of the personal income of the sole proprietor and is taxed accordingly. Therefore, an important reality of operating a sole proprietorship is that the owner has unlimited liability for the debts and liabilities of the business. When the sole proprietor dies or retires, the sole proprietorship ends.