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SUMMARY:Business Structure 101
DESCRIPTION:How to choose between sole-proprietorship and incorporation\n\n\nPart 1. Quick Foundations (10 minutes) \n\nWhat a sole proprietorship actually means in day to day operations\nWhat incorporation changes\nMyths that confuse early founders\nThe “risk\, revenue\, and readiness” lens for choosing\n\nPart 2. Decision Drivers That Really Matter (15 minutes) \n\nIncome thresholds where incorporation begins to offer tax advantages\nLiability considerations for product based\, service based\, and consulting businesses\nGrants and financing differences\nPerception and contracting differences\nPaperwork and admin reality check\n\nPart 3. Interactive Case Scenarios (10 minutes) \n“Amira is a product maker earning twelve thousand yearly from markets but wants to apply for a starter grant.” \nShould Amira incorporate yet? \n“Devon is a consultant hired by a municipality needing a vendor number.” \nSole prop or incorporation? Why? \nPart 4. Quick Checklist to Take Home and Q&A (5 – 10 minutes) \nA simple decision checklist: \n\nRevenue goals\nLiability level\nFunding goals\nGrowth timeline\nTax planning needs\nAdministrative capacity\n\nWith facilitators from Blinc.
URL:https://enterprisecentre.ca/events/business-structure-101/
CATEGORIES:Business Enterprise Centre- Grey County
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