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Streyken · 26th February 2008, 08:53 PM

Still sole proprietor. Generally, here it is wise to think about incorporating at about 60-70K, but that can depend on expenditures. I like to buy lots of things for the tree and online businesses, so I have lots of legal write offs; that is why I'm still sole proprietor. My accountant and lawyer both said that going incorporated doesn't necessarily limit personal liability, depending on circumstance, and that there is lots of case law to prove this. So I do what is tax wise, but talk to an accountant and a lawyer.

26th February 2008, 08:53 PM	#7 (permalink)
Streyken Semi-mature vigorous tree Join Date: Apr 2007 Location: Vancouver, BC Posts: 203	Re: Type of buisness Still sole proprietor. Generally, here it is wise to think about incorporating at about 60-70K, but that can depend on expenditures. I like to buy lots of things for the tree and online businesses, so I have lots of legal write offs; that is why I'm still sole proprietor. My accountant and lawyer both said that going incorporated doesn't necessarily limit personal liability, depending on circumstance, and that there is lots of case law to prove this. So I do what is tax wise, but talk to an accountant and a lawyer. __________________ Trimmin' bush and caring for flowers is good 'n' all... but sometimes ya gotta let the big wood fly and pound the garden.