Business Structure: Should I incorporate?

After choosing a name, the next step in starting a business is the decision of what type of business structure to use. Many small business owners assume that incorporation is the most advantageous structure without fully understanding why it is advantageous or whether it is necessary.  Below is an overview of the advantages and disadvantages of Sole Proprietorships, Partnerships, and Corporations; the three most common business structures in British Columbia:


 

CEC class changes

Recently, Citizenship and Immigration Canada changes the rules applying to the Canadian Experience Class applications for citizenship.  CEC applications will be capped at 200 per NOC sub-category and a 12,000/year cap overall.  Once the 12,000 application cap is reached, no more applications in any sub-category will be accepted even if the 200 application cap has not been met.