I have a friend who wants to help me with my contracts. We live in BC and are trying to setup a configuration that works best when it comes to taxes. What we have in front of us are the following options:
Each of us forms a Sole Proprietorship and get paid directly by clients
Each of us forms...
Hello forum readers. I'm 1 of 4 partners in an equal share partnership. 25% each.
We are all responsible for any liabilities or debts equally.
It's been a fantastic year for us in business (1st year in business) and we have no debts.
In fact there's around $40,000 in profit to be shared. This...