An online accountant will see a number of businesses, incorporated businesses, personally held businesses, partnership structures and other. Why do business owners choose the structures that they do? There are a number of considerations, including legal liability, tax planning, etc.
The most popular and best-known structure is a corporation. However, one does not have to automatically incorporate a business (you would be surprised how many people believe you need to incorporate in order to start a business) when starting out. In fact, there may be an early point in your business when incorporating is more of a headache then it’s worth, with additional paper work, legal and accounting fees. Having said that, there is always a stage in your business’ growth when it makes sense to incorporate. What is that point?
This webinar will discuss general benefits of incorporating your business.
Need assistance from an online accountant? For more help and guidance related to whether incorporation is right for your business or any matter related to online bookkeeping, online tax accounting, and business planning feel free to contact us at futurebalance.ca or call one of our CPAs at 1-844-7-FB-CPAS.
Work smarter, Future Balance CPAs is a Toronto, Canada based online CPA firm.