What type of business should I have? This episode describes the pros and cons of each of the three types of legal structures for Canadian businesses: sole proprietorships, partnerships and corporations, so you can confidently decide. 

In this episode of Get It In Writing, Corinnne covers the advantages and disadvantages of:

Sole proprietorships - easy and inexpensive to form but no owner liability protection or multiple owners allowed!Partnerships - combine resources but have liability concerns for partners. A partnership agreement is a must!  Corporations - the most expensive legal structure to form but can come with liability and tax planning benefits 

Listen to Get It In Writing on Apple, Spotify or wherever you catch your favorite podcasts!

For more please visit OnlineLegalEssentials.ca and connect with Corinne on Instagram at www.instagram.com/legalguidecorinne/

Get It In Writing is produced by Story Studio Network.

See omnystudio.com/listener for privacy information.