Harper: Republican Wannabe

[Bryan]

There is a difference between a "small business" and a "corporation".

Plenty of small businesses are corporations. Most smart business owners want to insulate their personal liability from the liabilities of the business itself, regardless of the size of that business.

[cybercoma]

Plenty of small businesses are corporations. Most smart business owners want to insulate their personal liability from the liabilities of the business itself, regardless of the size of that business.

Let's change "business" with "animal" and "corporation" with "dog" and review this discussion, shall we?

Saipan: "Maybe you don't know animals are dogs."

Me: "Animals are not dogs."

sweet frog: "There is a difference between small animals and dogs."

you: "Plenty of small animals are dogs."

Thank you, captain obvious. There's still a difference between businesses and corporations.

[Shady]

Plenty of small businesses are corporations.

You're wasting your time. Unfortunately you're dealing with economic illiterates. They don't understand that the cost to incorporate a business, at least in Ontario is a whole $360 dollars. They don't understand that corporations come in all shapes and sizes. They're the last people that should be making any kind of decisions impacting our economy. They're drones spoon fed by Michael Moore types.

[Saipan]

Businesses are not corporations.

Did you incorporate any business in your life?

[Shady]

There's still a difference between businesses and corporations.

Yep. In Ontario it's $360 dollars.

[cybercoma]

Did you incorporate any business in your life?

This is completely beside the point and none of your business at that.

[Shady]

This is completely beside the point and none of your business at that.

Just run away before you embarass yourself even more.

[RNG]

Businesses are not corporations.

I am 100% owner and only director and have been the only employee of a business which is incorporated under the laws and regulations of the province of Alberta. I pay federal and provincial CORPORATE income tax. How am I not a corporation?

[cybercoma]

Is this really that hard to understand?

All corporations are businesses.

That does not mean that all businesses are corporations.

Per the metaphor two posts ago:

All dogs are animals.

That does not mean that all animals are dogs.

[Shady]

I am 100% owner and only director and have been the only employee of a business which is incorporated under the laws and regulations of the province of Alberta. I pay federal and provincial CORPORATE income tax. How am I not a corporation?

Nice. This is gonna be fun. I think I'm gonna get some popcorn and wait for the answer!

[cybercoma]

Just run away before you embarass yourself even more.

You were saying?

[Shady]

Businesses are not corporations.

All corporations are businesses.

[cybercoma]

All dogs are animals, right?

Well are all animals dogs, Shady?

[Smallc]

Cybercoma is right. My business isn't a corporation, it's a partnership.

[Scotty]

Cybercoma is right. My business isn't a corporation, it's a partnership.

You and your brother delivering newspapers?

Edited April 3, 2011 by Scotty

[blueblood]

Cybercoma is right. My business isn't a corporation, it's a partnership.

There is a trend however to going to corporations especially in mb. However, a person wants to look at cash flow, succession planning, and liability before they go down that path. It isn't for everyone.

[Shady]

All dogs are animals, right?

Well are all animals dogs, Shady?

Sure. Just like a small business can be a corporation. I'm not sure why you refuse to admit that.

[Shady]

Cybercoma is right.

Actually Cybercoma is wrong. Corporations come in all sizes. Small businesses can be corporations.

[cybercoma]

Sure. Just like a small business can be a corporation. I'm not sure why you refuse to admit that.

I never once said that, nor do I refuse to admit it. Corporations come in all sorts of sizes. All I said is that not all businesses are corporations. Full stop. I'm sorry you can't get your head around that.

[cybercoma]

Actually Cybercoma is wrong.

Quote exactly what I said that's wrong.

[cybercoma]

Just run away before you embarass yourself even more.

In case you wanted to educate yourself before you put your foot in your mouth again:

http://investincanada.gc.ca/eng/establish-a-business/business-structure-select.aspx

[Smallc]

You and your brother delivering newspapers?

No, it's a multi million dollar retail business. The net profits are not at a level where being a corporation would be of benefit.

Edited April 4, 2011 by Smallc

[Bryan]

No, it's a multi million dollar retail business. The net profits are not at a level where being a corporation would be of benefit.

multiple millions of dollars... and that's not big enough to want to shield yourself from liability?

You must have a lot of change stuffed in your couch!!!

[Shady]

There's still a difference between businesses and corporations.

Corporations are a type of business. So saying there are differences between businesses and corporations doesn't really make any sense. This is where you began to go off the rails. I'm still waiting for you to tell RNG that his business comprising of two employees isn't a corporation. Or are you finally admitting that corporations come in all kinds of sizes? If so, it's about time.

No, it's a multi million dollar retail business. The net profits are not at a level where being a corporation would be of benefit.

Um, incorporating a business in Ontario costs $360 dollars. Many people do this a few years after starting a business, when they know they can actually turn a profit. Multi-millions has nothing to do with corporations. Corporations are small, medium and large.

[Scotty]

No, it's a multi million dollar retail business. The net profits are not at a level where being a corporation would be of benefit.

I thought yous said not all that long ago you were working a fairly low-rent job... working with children or something...?

Edited April 4, 2011 by Scotty