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.