Thanks for the comment!

As a novice contractor, I’d probably stick to a sole prop or partnership. With a corporation, it would really depend on whether you’re prepared to take on the compliance work such as submitting annual gov’t documents, preparing tax returns for the company, and the general accounting of the business.

It can be quite a handful, especially if you’re the one doing it.

Staying as a sole prop or partnership will keep you flexible, and it won’t bog you down with non-revenue generating tasks.

Nevertheless, being a corporation has its advantages.

To add a shameless plug for my next upcoming article, I’ll explain why we decided to incorporate.

I hope you’ll stick around for that! Thanks.

This is a nice overview! I can’t believe how many people have asked us which business structure to use. Out of curiosity - what would you suggest to the novice contractor? Personally, as my business grew I have worked my way through a sole prop, a partnership to an s-corp.