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Thanatosian posted:The protections granted to you as an LLC if you're operating as a sole proprietorship are minimal, especially if you don't have any assets to shield, and the additional costs of operating as an LLC can be pretty high. LLCs don't exist in Canada anyway. OP, just start doing and don't worry about the legal or tax stuff. Keep your receipts for business expenses, and you don't need to charge GST until you reach a certain amount of sales. When you do actually become profitable (and owe taxes), that's when you can start hiring an accountant and figuring out how to structure your business. Now's a good time to start up an etsy shop or whatever and take advantage of the weak Canadian Dollar.
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Jul 19, 2015 02:05
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| # ¿ May 16, 2024 17:09 |
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