Should I Incorporate my Small Business? (3 min read)

By |2021-10-24T09:53:19+00:00October 25th, 2016|Uncategorized|

By Alissa Bryden, CPA, CA, Owner of Virtual Heights Accounting Many small business owners are very excited about their new business and think that incorporating is the first step. Incorporating too early can be a costly decision. I would estimate a corporation costs (on average) about $2,000 more per year than a sole proprietorship in accounting and legal fees. My first advice is to talk to a professional. More than this, get them to explain why they think you should incorporate or not. This decision should be based on the facts of the situation and no two businesses, or owners, are [...]