Same none ironed shirt with a blazer!
Separate legal entity provides many benefits, but comes at certain costs. Not everyone needs a corporation, and not everyone is ready to manage it. In addition to the higher registration costs, Corporation imposes many administrative responsibilities on its incorporators. In addition, by creating a separate legal entity, and a new tax-payer, Incorporation results in additional tax returns and higher costs of preparation than Sole Proprietorship. Despite certain drawbacks, operating under an incorporated entity provides business owners with significant benefits. It also opens more opportunities and possibilities for the future business growth and development. In addition, it shields the business owners from many legal and administrative liabilities. In this video, we overview the benefits and the costs of a corporation and will discuss to which types of businesses, or business ideas it provides the best solution. We will provide a list of considerations for entrepreneurs that should support their decision to incorporate their business and operate as a separate legal entity.
Thank you! These are so helpful!
very interesting and informative video, thanks!
hi there, thanks for the videos, from my understanding if I wanna start a staffing agency it's better to have a corporation then. please include your business infos in the videos if you want to be reached. keep up the good work.
Great video. Ty
Thank you for your great advise
Very knowledgeable. I’m in cleaning business right now i have sole proprietor and trying to incorporate the business.when is the right time to do it and the benefits of it… thank you
I setup a corporation a couple years ago through a company suggested by a training I took I do affiliate marketing but I am still learning I stopped buying traffic because I want to learn the skills first the cost of the fees you said where a lot! If I am still learning should I let the corporation dissolve and only set it up once I am fully functioning as a business not before. If I don't know what I am doing I should not be in business because it is a waste of time and money.
Hi, thanks so much for these extremely informative videos! I've been reading some of the comments and your replies but have a unique situation I want to ask about. I want to invest in real estate (buy and sell property, also renting) and finance with some other assets like stocks, etc. What is the best route to take for incorporation or sole proprietorship considering both residual and sales income? Are the special considerations or steps for when setting up the business? Thank you!
Thanks for thegreat vedios that you make, I have a question, is it a good idea for a real estate agent to create a corporation ? If yes, what is the best way to get paid, salary and get a T4 at the end of the year or dividends and get a T4A, your answer is appreciated
Really like your videos, Keep it up!
Would someone ever corporate their business if they are running just an inventory based home business selling on ebay, etsy, amazon or poshmark? And when would you ever switch from sole propietor to corporate when selling on any of these platforms?
very helpful video, I am in the same situation I want to start my business as HVAC contractor only me working initially want to go as part time but the risk involves in this type of work like if my work damages the customers property please suggest me which should i select sole or corp initially my business income will be very less
I have my business incorporated and am wondering if it is possible or how I would have multiple businesses under this one as a parent company. Like different sectors serving a different purpose under with the parent company name included in them all eg. FENTY beauty Fenty skin Fenty fashion etc
Hey man, respect for responding to so many comments, If im starting a business creating backyard playground structures that I plan to keep small, would it be ok to stay as a sole proprietor and just buy insurance? Thanks!
We want to register our Import Export company in Canada. Which type company is good. Kindly make video
Awesome videos! All the information is great. I have a question: If I have a corporation and a different operating name. Do I make my invoices under the corporation or under the operating name. Thanks in advance
Hello your videos are very insightful. I'm currently a tattoo artist and I'm supposed to be a sub contractor under the business I work for, I haven't registered anything as of yet but soon plan to go independent and I feel that a SP would work with tattooing. My question is though, if I decide to open an SP business to tattoo along with an online store for selling art and clothes would that still work under a SP business or would I have to transition of a Corporation? Thank you.
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