Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - Benefits/Drawbacks of Incoporating in Alberta?

KTrain · 04-08-2011, 10:59 AM

I operate my web and print design business as a sole proprietorship. It's easier and cheaper for me to do the taxes that way.

If you operate under a name other than your own you have to register that name. You are still able to file your taxes as you would a normal freelancer.

The only benefit I've found to incorporating is that you reduce your risk in case of a lawsuit. Right now, someone could sue me and everything I own would be fair game.

Here's the Alberta government site about starting a business that has lots of useful information: http://sbinfocanada.about.com/cs/sta...regalberta.htm

04-08-2011, 10:59 AM	#5
KTrain ALL ABOARD! Join Date: Oct 2003 Exp:	I operate my web and print design business as a sole proprietorship. It's easier and cheaper for me to do the taxes that way. If you operate under a name other than your own you have to register that name. You are still able to file your taxes as you would a normal freelancer. The only benefit I've found to incorporating is that you reduce your risk in case of a lawsuit. Right now, someone could sue me and everything I own would be fair game. Here's the Alberta government site about starting a business that has lots of useful information: http://sbinfocanada.about.com/cs/sta...regalberta.htm