Incorporating a Small Business in Ontario

Because an incorporated business acquires separate legal status, incorporating a small business offers several advantages in Ontario.

Do you own an unincorporated small business and are looking into the benefits of incorporation? Are you ready to begin the process of incorporating a small business but need assistance with the documentation? At New Business, we can assist you with incorporating a small business, so you can enjoy the many benefits associated with this type of business entity. A few benefits you may enjoy are:

  • Access to Capital – Incorporating a small business means that it has the ability to raise money, acquire debt, and enter into contracts on its own as a separate legal entity.
  • Access to Lower Tax Rates – Certain reduced tax rates and tax benefits are only available to incorporated companies.
  • Limited Liability Protection – With limited liability protection, shareholders of the corporation are generally not personally liable for the corporation's debts and other liabilities.

Because your business becomes a separate legal entity, you may see that incorporating a small business offers several advantages in Ontario. It is always wise to ask a professional for help when you are completing the incorporation process to ensure that it is completed correctly. Contact Eric P. Cohen, Barrister & Solicitor, an Ontario lawyer, to learn more about incorporating a new business, the packages we offer business owners who need assistance, and the steps you need to take to see your business succeed.

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Incorporating a Small Business in Canada
Incorporating a Small Business in Toronto

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