Passing a business down the family tree is often difficult, especially with a business owned and operated by a company. With proper succession planning, you can pass on ownership and management of your carefully built business to younger family members – without conflict and with minimal tax consequences.
When you decide that it’s time to incorporate your business, you’ll be faced with a choice: do you file the incorporation yourself, online? Or do you pay a lawyer to do it for you? For many people, this choice comes down to price. Yes, you will save money by incorporating your business yourself.