{"id":2324,"date":"2022-02-22T14:14:50","date_gmt":"2022-02-22T19:14:50","guid":{"rendered":"https:\/\/www.incorporationentreprise.ca\/why-incorporate\/"},"modified":"2022-02-22T14:14:50","modified_gmt":"2022-02-22T19:14:50","slug":"why-incorporate","status":"publish","type":"post","link":"https:\/\/www.incorporationentreprise.ca\/en\/why-incorporate\/","title":{"rendered":"Why incorporate?"},"content":{"rendered":"\t\t
In Quebec, for-profit businesses are separated into 3 modes of operation: sole proprietorship, partnership and corporation, also known as incorporated company.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
The incorporated joint-stock company\/incorporated company is considered a legal person from a legal point of view. The entity is then independent of the people who constitute it, which is not the case of a sole proprietorship, which is a less expensive mode of operation, but also riskier due to the merger of personal assets with those of the company.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
For example, the first $500,000 of income is taxed at a favourable rate ranging from 15% to 20.6%, followed by a tax rate of 26.6%, compared to the progressive personal tax rate.<\/p>
As mentioned above, the corporation is a legal person in its own right. In the case, for example, of the procedure for the seizure of a creditor, your assets are separate from those of the company.<\/p>
The choice of incorporation offers credibility that can positively affect capital injection and borrowing power, knowing that your personal debts and those of the company are separate.<\/p>
Get up to $800,000 tax-free, which can extend to a few million through your family member exemption.<\/p>
Since shareholder liability is limited to funds invested in shares, shareholders can lose at most what they have invested, while the sale of shares has no limit on value gains.<\/p>
The transfer of the shareholder’s shares to the estate following his death. <\/span><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t While there are several benefits to incorporation, start-up and running costs are a drag on some. Incorporation Enterprise executes your incorporation starting at just $750. Visit our \n rates<\/a>\n<\/span> tab and our \n form<\/a>\n<\/span> to see the options available to you!<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t *Note that the statistics mentioned in this article may be subject to change, please pay attention to the date of publication of the article. Here are the main advantages of incorporation in Quebec: professionalism, tax advantage, protection of your wealth…<\/p>\n","protected":false},"author":1,"featured_media":2313,"comment_status":"open","ping_status":"open","sticky":false,"template":"elementor_header_footer","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[22],"tags":[],"class_list":["post-2324","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"acf":[],"yoast_head":"\n
Updated December 17, 2021<\/i><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t