GSS LAW FIRMEdmonton, AB · December 4, 2015Follow

New Business – Corporation vs. Sole proprietorship

Should I incorporate my business or not? This is a typical question usually asked by a new entrepreneurs. Every business is different and thus are its legal and taxation requirements. Here are some of the factors you should take into consideration before making a decision on whether or not to incorporate your business. CORPORATIONS Corporation is a legal entity, separate from its shareholders. The shareholder of a corporation is not personally liable for debts, obligations or acts of the corporation. Benefits of incorporating your business: Limited Liability - you are not personally liable...

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