Resources
Sole Proprietorship vs Corporation: How To Choose (Incorporating, National)
Deciding to incorporate your business is a big step and doing so will allow your business to enjoy many benefits, including:
- Potentially lower corporate tax rates
- Better access to capital
- Business has an unlimited life span
- The ability to transfer ownership if you sell your business
- Corporations are separate legal entities, owners are not personally liable for the businesses financial and legal liabilities