Ontario Corporations
Advantages of incorporating your business:
- Sole proprietorship and Partnership forms of business are not legal entities. Each is best thought of as a legally registered business alias under which you operate. Incorporating your business gives your establishment a legal identity.
- By Incorporating your business you can add the words "limited", "corporation" or "incorporated" or their respective abbreviations Ltd., Corp., and Inc to your business name.
- Incorporating your establishment reduces your personal liability
- Business Incorporation allows you to draw a salary for yourself as a business owner
- Incorporating provides you with greater financing credibility. Government grants and loans are not available to sole proprietorship and partnership forms of business
- You can create multiple trade names under the incorporation that allows you to have various business divisions without any legal separations.
- An incorporated business definitely is a more prestigious form of business than sole proprietorship or partnership forms of business
- Lastly you can sell, transfer or bequeath an incorporation Canada, by a simple share transfer, which is not the case in Sole Proprietorship or partnership form of business.
Ontario Incorporation Registration Packages start from CD 500
Register your corporation in Ontario (Incorporating in Canada).