How To Incorporate A Business In Alberta
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Welcome to our comprehensive collection of informative writings and resources
about incorporating a business. Updated daily so come back again! |
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When Is The Best Time To Incorporate Your Small Business
By Wayne M. Davies
If you're a sole proprietor, perhaps you've considered incorporating your small business or self-employment activity.
And so maybe you've been wondering, When is the best time to incorporate?
From a legal standpoint, any time is the best time. The sooner you incorporate, the sooner you make the move from the world of unlimited liability to the world of limited liability.
From a tax savings standpoint, any time is the best time. The sooner you incorporate, the sooner you will start putting more money in your own pocket and less in Uncle Sam's.
But from a **tax reporting** standpoint, there is one time of year that stands out as best: January 1st.
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