Hello everyone,
Hope you all are doing well. Glad to join this forum. I believe this is the right platform to clear my doubts regarding a matter.
I run a carpet cleaning business in Ontario. I started it as a sole proprietor two years ago. I'm quite happy with the growth of my business that too within a few years. Now, I'm thinking about incorporating my business online, mainly for personal liability reasons and tax benefits. Before taking a step towards it, I have to clear some doubts. What factors that I need to consider when converting sole proprietorship into a corporation? Is incorporating a business affordable? How much time does it take to complete the process of incorporating a business? If anyone knows about this, kindly share your views. It would be a great help.
Thanks
Hope you all are doing well. Glad to join this forum. I believe this is the right platform to clear my doubts regarding a matter.
I run a carpet cleaning business in Ontario. I started it as a sole proprietor two years ago. I'm quite happy with the growth of my business that too within a few years. Now, I'm thinking about incorporating my business online, mainly for personal liability reasons and tax benefits. Before taking a step towards it, I have to clear some doubts. What factors that I need to consider when converting sole proprietorship into a corporation? Is incorporating a business affordable? How much time does it take to complete the process of incorporating a business? If anyone knows about this, kindly share your views. It would be a great help.
Thanks
