Advantages and Disadvantages of Incorporating Your Business
One of the most common questions that the small business owner has is whether they should incorporate their business. It is question that is difficult to answer as it depends on your individual needs, financial capacity, and the size of your company. The following are some of the advantages and disadvantages to incorporating your business. ADVANTAGES 1. Tax Deferrals & Access to the Small Business Deduction Arguably the best reason to incorporate is because of the tax deferrals it brings. [...]