Business Law Group: Incorporating Your Okanagan Business
What is a Business Corporation?
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.
For more details on incorporating your business, please refer to the Frequently Asked Questions located at the right side of this page.