Ish Jindal Chartered Professional Accountant serving Scarborough, Ontario explains if you should incorporate your business.
I am a sole proprietor. Should I incorporate my business?
An average accountant will say yes as it means more fee to him, however, we will discuss your situation before giving our advice. Incorporation decision depends upon various factors like your and your spouse's current level of income, your income or loss from non-business sources, and risk exposure of your business. More the legal issues or chances of being sued, the better it is to incorporate.
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