Incorporate or register?

This question is essential when starting a business

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Registration is the easiest and most economical way to open a business.

Whether you are self-employed or own an ecommerce store, registration is necessary to operate legally.

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The limits of a registered or sole proprietorship are:

• You are the sole owner
• All profits or losses are your responsibility

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Incorporating your business allows it to become a legal entity in its own right, separate from its shareholders.

Here are some of the benefits of incorporating:

• Possibility of multiple owners (shareholders)
• Possibility of a lower tax rate
• Less risk of financial impact on founders
• Easier to receive funding
• Presents a more professional and credible image

Before you incorporate, we recommend that you ask yourself this question:

Does your situation, and your company's plan, allow you to take full advantage of these benefits?

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Neolegal is here to help you make this important choice.

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Book a call with our specialists to launch your business in the right way according to your needs.