Best Business Entity: Sole Proprietor or Corporation?

Is sole proprietor or sole trader the best business entity when first starting out? When should you consider incorporating, if ever?

Everyone who starts a business is faced with the challenge of deciding what type of business entity to be. Most default to sole proprietor or sole trader. But is that always the best option? When my partners and I set up shop, I talked extensively to my accountant and did my research. Here’s what we found out.

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