When Do You Incorporate?
One of the questions I often get from my members is, “when is the right time to incorporate”? The answer is often the question of liability that one needs to take into consideration before deciding which entity best suits ones business needs. Do you have employees that put you at risk driving your business vehicle or dealing with customers? Each business entity has its advantages and drawbacks, benefits and tax consequences.
Picture a situation where an employee is driving with you in your vehicle and you are in an accident. The accident is not your fault but your employee gets … Read More