There are four types of business structures: sole proprietorship, partnership, corporation and co-operative. … With this type of business organization, you are the sole owner, and fully responsible for all debts and obligations related to your business. … Do you really need a lawyer when you start your small business? Find out …

Business structures are chosen for the most part to comply with tax law, which treats each type of structure differently. There are three types of legal structures for a business: Sole proprietorship, partnership (which is a form of proprietorship) and incorporation. Each has distinct characteristics. The Canada Business site …

You can structure your payroll, dividends and/or bonuses so that you receive income at a time when you will pay less tax. Certain Canadian-owned private corporations qualify for the “Small Business Deduction” which is an annual tax credit that is applied against the corporation's income. This tax credit can significantly …

A partnership is another common structure for small businesses. These are formed when two or more individuals are co-owners of a business venture. This structure allows individuals to pool their assets and skills to increase their chances of success. With this form of organization, remember to focus on the human element.

Aug 22, 2017 – Canada Business Ontario is your information connection and will help you from start to finish. When starting your business, choose the business structure that best suits your needs. There are four types of business structures in Ontario: sole-proprietorship, partnerships, corporations and cooperatives.

Learn about small business structures. Look at the pros and cons of sole proprietorships, partnerships, corporations, and co-operatives. Determine which structure is best for you, and review what the Canada Revenue Agency expects from each type of business.

Apr 28, 2015 – You should consider federal incorporation if you want to carry on business in more than one province or outside the country. Federal incorporation also offers heightened name protection under the Canada Business Corporation Act. Once federally incorporated, the corporate name has a protected status …

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