If your business is set up as a sole proprietorship, you may want to consider incorporating. The main reasons why are: tax deferral, succession planning and liability.
While the costs of incorporating and preparing a corporate tax return are higher than registering a business and preparing a tax return for a sole-proprietorship, the bigger picture benefits can be extremely valuable and cost-effective.
The best way to determine whether incorporating makes sense for you and your business is to speak to one of the professionals at Diamond Tree Accounting Inc.
Our Incorporation Services include: