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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
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