Incorporating in Canada

[YourIdealDomain]

Hi. I was wondering if anybody knows of any good resources on incorporating a domain business. Preferably a resource specifically pertaining to incorporating in Canada. I am referring to a business that includes buying and reselling domains and not a domain registrar. That would be the only aspect of my business if I incorporated. I found some resources on incorporating, but I am looking for opinions/resources on incorporating this specific type of business.

If I am going to incorporate, would it be better to incorporate federally or provincially if I live in New Brunswick?

If you have incorporated a domaining business, could you tell me what you found to be some of the main pros and cons of incorporating? Also, at what stage should a domainer incorporate? Would you recommend that domainers incorporate as soon as they start buying/selling domains, or wait until they are sure that they will be staying in this business, or should they wait until they have been in the business for a while and have earned significant revenue?

Thanks

 

[insomnia]

Incorporate federally so you're protected across all provinces.

You should probably know why you're incorporating if you're thinking about it. There are probably tax benefits, ie. declaring a domain sale as company income rather than personal income, etc.

Don't bother incorporating unless your earning enough, $30k+ /year in my opinion (not a lawyer).