Pros and cons of incorporating your business

Did you know?

Incorporating a business is always very complicated and can cost you thousands of extra dollars per year.
  • True
  • False

If you work for yourself — and more and more people in BC do — you’ll need to decide at some point whether to incorporate as a business. There are advantages to incorporating, but it’s not necessarily for everyone. Let’s walk through some of the key pros and cons.

What you should know

Who can help

  • This information applies to British Columbia, Canada
  • Reviewed for legal accuracy in April 2021
  • Time to read: 5 minutes

Reviewed for legal accuracy by

David Kandestin, People's Law School

David Kandestin

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