Choosing the appropriate business structure is one of the first and most important legal decisions entrepreneurs face when starting a business. The legal structure you select can have significant implications for taxation, liability, financing, management, succession planning, and the long-term growth of your business. In Ontario, entrepreneurs generally choose from four primary business structures: sole proprietorships, partnerships, corporations, and co-operatives. Each st

When individuals decide to form a band, they often do not consider or are even familiar with the business structures that might be available to them. By default, bands are considered partnerships. Or they may defer to a more formal structure by incorporating. If bands continue to operate as a partnership, they should consider formalizing a partnership agreement sooner rather than later. There are various considerations when it comes to drafting partnership agreements, which c