The business I am currently a part of is very young and small (2 employees) but we are incorporated. Many people questioned us on the decision to incorporate, but it was necessary to get the sub-contract work that helped us get the company rolling. Everyone has different agendas and priorities when first starting a company. For help deciding whether to start off as a sole proprietorship, partnership or corporation, see some of the many online resources available for new businesses. I've listed some of them below for you:
- US Small Business Administration: Choose a Structure
- IRS Descriptions of Business Structures
- Industry Canada: Why Should I Incorporate?
- About Business Registration in Canada
- Entrepreneur.com: Choosing a Business Structure
- New Business Now's 10 Steps to Creating a Corporation
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