If you have a business, one thing you might consider is incorporating your business. If you have considered business incorporation in the past, you may wonder what the benefits are that it can offer you. Below are three benefits of business incorporation. Secure Assets & Gain Different Tax Breaks Owners of corporations enjoy some liability protection, and they’re usually not responsible for the business debts. Therefore, creditors aren’t able to pursue your car or home to pay off business debts. There are also tax advantages that corporations often gain, which means they can write off things like premiums for...

As your business grows, you may wonder if business incorporation is right for you. There are many benefits to business incorporation. Here are 5 benefits of business incorporation that you should be aware of when incorporating your business: Protect Your Assets: Being a sole owner of a business can be risky if something goes wrong. Incorporating your business can help separate your personal assets from business assets, so your personal things are protected from creditors or lawsuits. Tax Benefits: Having separate personal taxes from your business taxes may mean fewer total taxes paid. You should incorporate your business if...

It can be hard to know if you need Ontario business registration or not, so it can be useful to consider the benefits of it. Here is a short list of benefits that Ontario business registration can bring to help you decide if it is right for your business. Limited Liability: Completing Ontario business registration means your personal assets will have limited liability as they relate to the business. Without Ontario business registration, your Ontario business and your personal assets will be one. Registering the business will separate them so your assets are not in as much risk if...