The Three Types of Legal Structures for Your Canadian Business
May 25, 2022 ·
22m 37s
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Description
What type of business should I have? This episode describes the pros and cons of each of the three types of legal structures for Canadian businesses: sole proprietorships, partnerships and...
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What type of business should I have? This episode describes the pros and cons of each of the three types of legal structures for Canadian businesses: sole proprietorships, partnerships and corporations, so you can confidently decide. In this episode of Get It In Writing, Corinnne covers the advantages and disadvantages of: Sole proprietorships - easy and inexpensive to form but no owner liability protection or multiple owners allowed! Partnerships - combine resources but have liability concerns for partners. A partnership agreement is a must! Corporations - the most expensive legal structure to form but can come with liability and tax planning benefits
If Entrepreneurship is a Journey, How Legally Prepared are you for the Trip? Take the Quiz - https://www.onlinelegalessentials.ca/entrepreneurship-journey-quiz Listen to Get It In Writing on Apple, Spotify or wherever you catch your favorite podcasts! For more please visit OnlineLegalEssentials.ca and connect with Corinne on Instagram at www.instagram.com/legalguidecorinne/ Get It In Writing is produced by Story Studio Network.
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If Entrepreneurship is a Journey, How Legally Prepared are you for the Trip? Take the Quiz - https://www.onlinelegalessentials.ca/entrepreneurship-journey-quiz Listen to Get It In Writing on Apple, Spotify or wherever you catch your favorite podcasts! For more please visit OnlineLegalEssentials.ca and connect with Corinne on Instagram at www.instagram.com/legalguidecorinne/ Get It In Writing is produced by Story Studio Network.
Information
Author | Corinne Boudreau, Legal Guide |
Organization | Corinne Boudreau |
Website | - |
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