Re: Brampton truckers say they were targeted for unionizing
The reason to 'incorporate' is to protect your personal assets should something happen and you no longer can afford to pay your bills. With the economy the way it was in 06-08 things have changed quite a bit. There is no reason to become incorporated to protect yourself. You can save yourself the tax papers and extra filing and renewal requirements and just be a sole proprietor. No need for the INC. As the president/ceo/founder (whatever term you decide to use) when you become INC you will now have to personally guarantee the debts accrued by that company and or its acquisition of assets. No longer can you just walk away from the corporation untouched. You also can't just go bankrupt and walk away either like you used to. Things have changed for sure. Been several years since I was INC and self employed. I certainly don't miss it.
Grab A Gear & Disappear !