- Canadian Tax Resource Blog - http://blog.taxresource.ca -

Advantages & Disadvantages of Incorporation

If you are thinking of starting a business or already have a business, one of the key decisions to make is whether to incorporate your business or to remain a proprietorship. If you want to learn more about the different business structures, take a look at Incorporation, Partnership, Proprietorship – Selecting The Right Business Structure [1].

Advantages Of Incorporation

These are just a few of the advantages of selecting a corporate structure for your business.

Disadvantages Of Incorporation

While there are a variety of tax deferral and savings opportunities, incorporation can have some unintended consequences. Here are some of the disadvantages of incorporation: