Advantages of Incorporation
- No other company may use your business name
- Limited liability
- You can sell your business
- If a partner leaves or dies your business continues
- You can choose either debt or equity financing
|
Disadvantages of Incorporation
- Closely regulated
- Most expensive form of business to organize
- Extensive record keeping necessary
- Personal guarantees undermine limited liability
|
Incorporating Your Extraprovincial Company
Federally Incorporate Your Company