Changing Sole Proprietorship to Incorporation
I am a sole proprietor of a small business, I could not open an incorporation at the first time because I was a temporary resident. Now, as I am a landed immigrant in Canada, I was wondering is there any benefit to turn my business into incorporation. If yes, can I convert my sole proprietorship into incorporation? Or do I have to open a new incorporation from the scratch? Do I need a different bank account for this? Your insight on this matter is highly appreciated.
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