
Sole Proprietorship vs. Incorporation in Ontario
Reviewed by Karim Eshqoor, Lawyer, Barbarian Law® (LSO #83032R) A sole proprietorship is you — debts and lawsuits included. A corporation is a separate legal person, which is where limited liability, separate contracts and credit, and shares you can divide, transfer or sell come from. Incorporate when earnings, risk, partners, or a future sale make...
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