Ask A Lawyer – “What is the difference between a sole proprietorship and an incorporated business? Should I incorporate my business?”

Whether or not you should incorporate your business or operate as a soleproprietorship depends on a number of factors, including your financial situation, type ofbusiness, and which stage of business growth you are in. Each form of business comeswith its own set of advantages and drawbacks. It is important to note, however, thatwhether to incorporate…

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Small Business Taxes

It is a long standing practice for self employed persons with a small business corporation to “sprinkle” income within that corporation amongst family members. This is normally done by issuing difference classes of the corporation shares to each spouse, particularly where the corporation’s business is the source of family income. The spouse who is not…

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Rights and Obligations of Common-Law Spouses

Clients often consult with us on whether being in a common-law relationship for a certain length of time means that they have the same rights and obligations as married persons. This is a common misconception as, in fact, particularly when it comes to property, there can be significant differences in the way the law applies…

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