Business Plans In Ontario
From what I can tell starting a business to handle profit and expenses is a good thing when getting into property investment. However, it seems like a lot of work to start a Corporation vs Sole Proprietorship. I have currently started a sole prop to handle the transactions and be able to still use my credit to assist in purchasing properties and plan on starting a corporation after some equity has been built up.
I do understand the risks as they are increased because I do not have separation, however, wondering if anyone else has done it this way and found success? Or has anyone had any bad experiences / would recommend the separation to protect personal assets?