BUSINESS-INCORPORATION.CA
Updated 52 days ago
1593 Ellis Street Kelowna, BC V1Y 2A7
A corporation is a more sophisticated form of business organization compared to a sole proprietorship or partnership, but may offer substantial advantages to business owners. Unlike a sole proprietorship or general partnership, a corporation is treated as a separate legal person from the business owners. As such, a business owner is not exposed to the same personal responsibility for the obligations of the company, such as debts or lawsuits associated with the business. A properly incorporated business can provide much needed protection to the business owners.