Here today to talk to you about the top 10 advantages of setting up corporation. In Jessie’s book The Financial Toolbox, the chapter on corporate structure is best represented by the tool that you’ll find in a toolbox called the Level.
The Level, like corporate structure is something that’ll make sure that you’re at the proper horizontal surface for the project you’re designing. And if your project is your business, you want to make sure before you start your business you have the proper corporate structure. As your business is growing, keep using the level to see if you have to change that corporate structure and improve upon it with the growth of your business. Excellent!
A professional corporation is an option, if you are a professional aiming to provide your services through a corporation and you’re regulated by a governing body. These are some of the professions that could factor into this: physician, dentist, veterinarian, lawyer, accountant, architect, chiropractor, optometrist, engineer or real estate agent.
One of the main differences between a corporation and a professional corporation is how liability is treated. You need to be aware that there’s going to be some variations here between the provinces, so make sure to see what’s right for you.
Watch this video to find out more about the top 10 advantages for setting up a corporation under limited liability.
If it’s right for you, let’s explore it. If you have questions, this is something that could defer tax, this can save you tax, it’s a big thing for you, reach out to Jessie today for any questions.
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