Do you currently operate a small business as a sole proprietor or through a partnership? If so, have you ever considered incorporating your business?
Please see our latest Tax Bulletin for a discussion of this topic where you will find some of the benefits and downfalls you should consider when deciding on incorporating your business.
This Bulletin is the first of four that will discuss the life cycle of a business. We will also discuss Corporate Purification, Estate Freezes and Family Trusts in later Bulletins.
The Wilkinson & Company LLP Team