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Should your business be run as a sole proprietorship?

Which Business Structure Is Right For You? Consult With a Business Lawyer Today.

Send us a message, but doing so does not mean that we are your lawyers until we have confirmed so in writing. Please do not include any confidential information in your message.

Is your Sole Proprietorship claiming the small business deduction? Can you be?

The most common forms of business arrangements are a sole proprietorship or corporation. But is that the right structure for you?

A sole proprietorship is the most basic form of business organization and can be used in a wide variety of circumstances.

A sole proprietor occurs when one person acting alone, pursues a business endeavour with a view for profit. A sole proprietor is not a corporation, but must be assigned a Business Number (BN) from the CRA. A sole proprietor files his or her business taxes together with his or her own T1 tax return by completing an additional scheduled called a form T2125.

Sole Proprietorship

Click here for more information about each type of structure.

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