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I'm getting mixed answers. A fellow Canadian told me, "No revenue, No Incorporation".

Reading other answers here, I should incorporate early.

I am on verge of entering beta (fire off emails) but have not incorporated.

Currently what stops me from incorporating are:

  1. Physical address (don't have office and don't want to use home address).
  2. Bookkeeping gets complicated.

I guess I could get in hot water during beta testing. For example if a client abuses my software.

So the question is, should I incorporate now before launch? I've already paid for hosting, domain, libraries with my name. Does Cheddargetter require incorporation for merchant account?

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1 Answer

up vote 2 down vote accepted

I was always told that incorporating has no real taxation benefit until your revenue reaches 80 - 100k

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