What does being incorporated mean?

[qkslvr]

When applying for a job in an agency, they always ask you if you are incorporated. What does it mean to be incorporated? Is it worth being incorporated?

[Audio_Rookie]

I have never had someone ask me that when applying for a job.

Many times they will ask me if I am a registered apprentice, or certified journeyma when going for a trade job though.

[Super_Geo]

In a nutshell: They want to you know if they will be paying you as an employee or a contractor.

[bspot]

Being incorporated means you own a company that they would pay for your work.

[Whitetiger]

So they don't have to put you on their payroll or benefits package.

[qkslvr]

would being incorporated mean they'll pay you more then since they don't have to give you benefits? is it worth being incorporated? how do I get incorporated? I have tried searching but was unable to find an answer on how to get incorporated and the costs.

[CokerRat]

When it comes to professional services, one reason is that a contractor can be forced to take on liability for mistakes and have their own insurance in place for errors & omissions.

[D. Dub]

bsa.cbsc.org

[bspot]

Originally posted by qkslvr
would being incorporated mean they'll pay you more then since they don't have to give you benefits? is it worth being incorporated? how do I get incorporated? I have tried searching but was unable to find an answer on how to get incorporated and the costs.

Yes, they should pay you quite a bit more. The best part is the tax savings. There are many tax incentives for small businesses.

To incorporate a numbered company, just go to a registry and they'll set you up. I think its just over $200?

Then you'll need a GST number, which is free. You'll also need a business banking account.

Depending on where you work, you might need WCB (around $100-$130 for office work) and liability insurance (huge range on this).

[qkslvr]

thanks for the info guys...