QUESTION: At what stage of my business should I consider incorporation?
TOPIC: Incorporating
ANSWER
Incorporation generally provides two large advantages over other business structures: liability protection and more advantageous tax treatment. Therefore, you should consider incorporation when: (i) you become profitable; or (ii) you are about to incur significant legal/monetary obligations (such as a lease or loan); or (iii) you are entering into risk that you do not want to assume personally; or (iv) any combination of the above.
