by Gleb Malinovsky, B.A., J.D.
If you read Part I of our Business Basics series, you’ll remember we talked about the types of businesses in Alberta. Now we are going to dive into the pros and cons of incorporating your small business.
Advantages of Incorporation
Direct and Indirect Costs of Incorporation
Now that we have covered the pros, here are some of the things to be cautious and aware of if you are thinking of incorporating your business.
Less Individual Control
Administrative costs and duties
Do I need a lawyer to incorporate my business?
Need more information? For more information about incorporating your small business in Alberta, please feel free to contact Shelley Germann at (403) 995-1410 to arrange a consultation to discuss your unique situation and options in more detail.
The contents of this post are for informational purposes only and are not to be considered legal advice. It is advisable that you speak with a lawyer prior to making any significant decisions.
2/27/2023 06:29:48 am
The benefits of incorporating your small business are endless. However, only after you get the job done do you realize how beneficial it is.
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