Whether you’re a small business or an entrepreneur, as your business scale and scope grows, your tax implications and administrative tasks will also increase. At that point, you may have to formalize your business to take it to that next level.
In Canada, a business can be set up as the following: Sole Proprietorship, Partnership, Co-Operative or a Corporation.
Each of these has their own pros and cons, but by and large, there are plenty of positive reasons why small businesses or self-employed individuals should choose incorporation over the other types:
• Personal Asset Protection
• Tax Savings on Higher Earnings
• Higher Expense Deductions`
• Ease of Ownership Transfer
• Access to Funding, Capital& Grants
We at Taxvisors can set up and customize these incorporation structures to meet the specific personal, business, or tax objectives of our clients. We ensure fast and efficient incorporation and company formation in Canada, with all necessary paperwork and filing taken care of.
Our advisors are qualified and experienced to provide solutions that capitalize on jurisdictional advantages and frameworks.
In addition, we are able to provide management and administration facilities including accounting, bookkeeping, tax compliance and secretarial services to maintain legal compliance from day one.
I found Taxvisors highly qualified professionals for incorporating my company and managing all my Tax & Accounting services (personal/business).
Very much recommended.
When I started my own home renovation business, Taxvisors helped us get our company legally set up. Very cooperative and professional.
They gave me solid advice and help on how to incorporate my consulting work, manage my accounting and taxes.