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

One of the first decisions entrepreneurs face when starting a business is whether to incorporate or simply register a business name. For many entrepreneurs, the decision between incorporation and business registration can affect everything from liability protection and taxation to financing opportunities and long-term growth. While both options allow you to operate a business, they differ significantly in terms of liability protection, taxation, ownership structure, financi