Hi everyone,
I am researching company formation in Canada and would appreciate insights from experienced entrepreneurs. Setting up a business in Canada involves choosing the right structure such as sole proprietorship, partnership, or incorporation. Each option has different tax obligations, legal protections, and registration requirements.
Many people suggest incorporating federally for broader name protection, while others prefer provincial registration for simplicity. I am also trying to understand the costs, timelines, and necessary documents like business numbers and licenses. If anyone has gone through the process recently, your advice on common challenges and best practices would be helpful.