Top 5 Reasons to Incorporate Your Business:

There is no legal requirement to operate a business in British Columbia as a corporate entity no matter what the size of your business operations. However, there are many advantages to running your business through a corporate entity even if you are just a 1 person entity. Imagine if someone slipped on some ice outside your premises or was injured in your business premises. Would you want to be held personally liable for such events? A corporate entity would ensure that the business would be sued and not yourself personally.

The top 5 reasons for incorporating a business in British Columbia are:

1. Protection from personal liability;
2. Substantial tax advantages on income and on selling the business;
3. Advantages on survivorship ( A company survives on death of shareholder(s))
4. More prestige and credibility given to your business;
5. Easier to bring on outside investors or partners.

If you require any further information on incorporating a business in BC, please send me an email or call me.