A Guide to Incorporating Your Small Business
Incorporating a business in Canada means creating a corporation or company that exists a legal entity, separate from its shareholders and directors. While it's not legally required, incorporation can offer benefits over sole proprietorships and partnerships, such as tax deductions and limited liability protection, keeping your personal assets clear from any debts your business may face. Additionally, it can boost your credibility with clients and help you raise money through sales of shares or equity. Where should I incorporate? A corporation is created by the approved filing of Articles of Incorporation at either the provincial or federal level, and it's important to make the right choice between the two. A company incorporated at the federal level can conduct business operations all across Canada, or simply within a single province......
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