INcorporation
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proprietorship
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It lasts a little longer to establish, as it requires more investment and the completion of more legal requirements.

Requires less investment in registering the business and completing few legal requirements

Offers you Personal Asset Protection, which means that you will be personally protected from the company' debts

Personally liable for the company's debts

It has Continuous Existence and a larger-than-life existence, by being a legal entity, separate and distinct from its owners

The business does not live beyond you

Benefit of a greater access to capital: Incorporation builds reputation, which will entice investors and it will be much easier to get loans from financial institutions

You won't benefit of a great access to capital

Still not sure which route to take?

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