Tax Insight
Four reasons to pay attention to your company's balance sheet
If you’ve already incorporated your business, you are likely benefiting from
some of the advantages of incorporation, including limited liability, tax
deferral of funds reinvested in your business and the ability to initiate family
planning. Your incorporated business may stand to benefit even further if
it is considered a small business corporation. Grant Thornton LLP shares four reasons why you want to ensure your corporation attains and maintains its status as a small business corporation (SBC) or qualified small business corporation (QSBC).
