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Choosing Your Business Structure: Sole Proprietorship, Partnership, or Incorporation?

Ready to kickstart your entrepreneurial journey? In this video, I'll break down the pros and cons of the three main business structures in Canada: Sole Proprietorships, Partnerships, and Incorporation!

Remember, every business journey is unique. Choosing the right structure is not black and white. Consult with a pro. Most accountants will offer a free consultation— so make the most of it!

🌟 Timestamp
0:00 Intro
0:11 Sole Proprietorship
0:57 Partnerships
1:35 Incorporation
2:56 Who shouldn't operate as a sole proprietor?
3:24 Who shouldn't operate as an incorporation?
4:16 Final Note

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Kam Gosal, CPA, is owner and lead accountant of Rocket Accounting, a Burnaby-based accounting firm. Kam's goal is to help SME business owners successfully navigate the intricate world of business, accounting, and taxes in Canada.

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Disclaimer: I am not your accountant, this info is for informational purposes only. Always remember to consult with your personal tax advisor for your specific business needs.


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