Incorporated businesses have the advantage!
Enterprise Services offers the design the best solution for your business.
These are the benefits of Incorporating
1.) Easier access to capital
Corporations can borrow money at lower rates. They can also raise money by selling shares or bonds to investors (called shareholders).
2.) Lower tax rates
Corporations are taxed separately from their owners. Corporate tax rates are generally lower than personal income tax rates.
Shareholders are not responsible for a corporation's debts. If your corporation goes bankrupt, your shareholders only lose up to what they invested.
3.)Separate legal entity
Corporations have the same rights as a real person, including owning property, getting loans, and entering into contracts.
Corporations live on until they wind up, amalgamate, or give up their charter (for example, when they go bankrupt). With other business structures, a business stops existing when the owner dies.
(source government of Canada)