The Legal Library
If you have been thinking of being your own boss and starting your own business (or maybe you already are your own boss), the most important decision you will have to make is choosing the type of business structure that is right for your business. The most common types of business structures in Saskatchewan are: (i) sole proprietorships, (ii) partnerships and (iii) corporations.
When choosing a business structure, it is important to weigh the legal and tax options of each one and determine which best fits your business. The structure you choose will affect not only initial start up costs, but also the amount of taxes you will pay, your exposure to personal liability, the ability to borrow money and raise capital and the distribution of the business profits.
This section outlines the general considerations you should have in mind when deciding which structure works best for you and your business.
William Kuchapski is an articling student in the Saskatoon office of Miller Thomson. William completed his J.D. at the University of Manitoba in 2014. He obtained a B.A. (Honours) in History and Political Science with a concentration in Canadian Politics and a minor in Economics at Carleton University in Ottawa, Ontario.
- J.D., University of Manitoba, 2014
- B.A. (Hons), History and Political Science, Carleton University, 2007
William Kuchapski at:
306.667.5601 or email@example.com
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The information contained herein is for general business information purposes only and does not replace the need for independent advice. It is recognized that each business has its own unique needs, and readers are strongly encouraged to seek separate independent advice.
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