Dr.Driller is a dentist who is interested in incorporating as an individual.If he attempts to do so,Dr.Driller is likely to find that:
A)he may actually save on taxes.
B)his business will be owned by a large number of stockholders with whom he must share his income.
C)the procedures for an individual to incorporate are extremely complex.
D)most provinces do not allow individuals to incorporate.

Question

Quizplus · Accepted Answer

As an individual incorporating, Dr. Driller may actually save on taxes by taking advantage of certain tax deductions and benefits that are available to corporations. Additionally, the process for an individual to incorporate is not overly complex and can be done relatively easily with the help of a lawyer or accountant. However, he will own the business entirely, without any stockholders.

DrDriller Is a Dentist Who Is Interested in Incorporating as an Individual.If