How to pick a legal structure or type for your business

How to pick a legal structure or type for your business

This legal structure will have an impact on:

  1.          the personal liability you will have from the debts of the business

  1.         your ability to raise investment capital for your new business

  1.         the level of taxes you will potentially pay

  1.         the amount of paperwork and compliance your business will be required to do going forward

  1.         level of control in managing and making decisions for your business


In Canada, there are three main ways to structure your business:

  1. Corporation
  2. Sole Proprietorship
  3. Partnership

Check out our "Help me choose page" on our site: Https://www.corpcentre.ca/help-me-choose/ 

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