Incorporating a Business

The process of incorporating a business establishes your business as a distinct, legal entity. As such, incorporation offers a number of advantages to your business. Some examples being the transferability of business ownership, limited liability, and possible tax advantages. Perhaps the biggest disadvantage to incorporation is the cost. While you can do it yourself, it is highly recommended that you have your lawyer or accountant draw up the incorporation papers. Incorporation can cost anywhere from $1000 or more depending on the complexity of your business and whether you incorporate federally or provincially or utilize the services of a lawyer.

Provincial Incorporation
For information pertaining to provincial incorporation.


Federal Incorporation
You would incorporate at the federal level if you intend to base your business outside Ontario or across Canada.