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Dec 7, 2013, 08:41 #1
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- Aug 2013
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Sole Proprietor or Incorporation?
Starting as a freelancer, I am not completely sure which is the right move, in regards to registering myself.
i) Registering my business as a Sole Proprietor is more economic at the start but has some legal concerns when it comes to liabilities and paying debts.
ii) Registering my business as a corporation has less personal risk (i.e. the business and owner are considered two separate entities), but cost more for start-up/registration.
Does anybody have any experiences or advice they can share on this subject? I have been reading a posts about the Pros and Cons but I am still undecided.