This will be a guided discussion. Session facilitator Allan Loiselle will pose the following questions and seek participant responses: 

• What to tell your clients about incorporating?
• What are the most common reasons given to incorporate?
• Do those reasons stand up in the real world?
• What are the reasons to not incorporate?
• When does incorporation make sense?
• What is the relationship between the corporation and its owners?
• Post incorporation, does life simply carry on as before?
• What changes are there in the relationship with the owner?
• What changes are there in the relationship with tax authorities?
• How are shareholder / corporation transactions handled. How does this differ from a proprietor?
• How is the working owner of a corporation compensated?
• What are the advantages of dividends vs. salaries vs. occasional cash drawings?
• Why is it important to maintain a credit balance on the Shareholder’s account?
• Taking care of the minutia
• What should the share structure of the small business corporation look like?
• What should be in the Articles of Incorporation? And in minute book?
• Who prepares these documents? What is your role as bookkeeper?
• What are the opportunities for value-added service?