Sole Proprietorship Canada

Discussion in 'Legal Issues' started by jakomo, Mar 11, 2007.

  1. #1
    Hello friends :)

    I'd like to know if someone here know about how many Sole Proprietorship "companies" (I know, this kind is not a Inc) can I registred in Canada.

    Thanks in Advance,
    Jakomo
     
    jakomo, Mar 11, 2007 IP
  2. canvalley

    canvalley Peon

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    #2
    As far as I know it is unlimited... however I'm not sure of the advantage of registering multiple sole-proprietorships... maybe you can enlighten me.
     
    canvalley, Mar 11, 2007 IP
  3. jakomo

    jakomo Well-Known Member

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    #3
    Hi,
    Thanks for response me :)

    I want to setup each website on each sole-proprietorships :)

    Really, I was looking around internet, but I cannot find out that information, I know I can registred many Inc, but as you know, is expensive to mantain.. (for now, for my sites)

    Thanks,
    Jakomo
     
    jakomo, Mar 11, 2007 IP
  4. canvalley

    canvalley Peon

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    #4
    All I'm asking is why would you want to set up each website as an individual company? I personally maintain one corporation which owns all of my websites (which is about 6 sites).
     
    canvalley, Mar 11, 2007 IP
  5. jakomo

    jakomo Well-Known Member

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    #5
    Hello,

    For Adsense, as you know many webmasters were banned without notice.. (I said honestly webmasters)

    If you have 6 big websites on the same account, earing money each month and you get banend for Google, your earling..... well you know.

    Having each website on each company you can lose 1 site, but you have another running...

    Best regards,
    Jakomo
     
    jakomo, Mar 11, 2007 IP
  6. exponent

    exponent Peon

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    #6
    That is a pretty good plan. Expensive to implement, and horrible at tax time... but other than that, its a great idea. (assuming you get accepted for each site)
     
    exponent, Mar 11, 2007 IP
  7. jakomo

    jakomo Well-Known Member

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    #7
    Hello,

    Why expensive to implament? In canada registred an SP (I'm not talking about an Incorporation), the cost is around $40 to $50, and I dont undestand you said horrible at tax time....

    Best regaeds,
    Jakomo
     
    jakomo, Mar 12, 2007 IP
  8. tke71709

    tke71709 Peon

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    #8
    So you're going to have different mailing addresses for each company?
    Each adsense account will be accessed from a different IP?
    Each adsense account will be accessed from a different PC?

    You're just increasing the odds of being banned (due to multiple adsense accounts) rather than helping matters any.
     
    tke71709, Mar 14, 2007 IP
  9. jakomo

    jakomo Well-Known Member

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    #9
    Hello,

    As you know, a company is like a person, if you create 3 companies, is like to have 3 babies, each company pay tax, ech company is different.

    How many owners have many companies, how about if you sell a company, where have many websites, and you just want to sell one website? Having different companies you can show the profit to VC, etc etc etc....


    Best regards,
    Jakomo
     
    jakomo, Mar 15, 2007 IP
  10. tke71709

    tke71709 Peon

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    #10
    Actually, as they are all sole proprietorships the revenue just gets added to your personal tax bill and it's all paid at the same time.

    Like I said, you're just risking getting banned for having multiple adsense accounts associated with a single person. You can try the whole different companies routine after you get banned, but there's no guarantee that the Big G will accept that.
     
    tke71709, Mar 15, 2007 IP
  11. jakomo

    jakomo Well-Known Member

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    #11
    Hello,

    How about incorporation?

    Jakomo
     
    jakomo, Mar 15, 2007 IP
  12. tke71709

    tke71709 Peon

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    #12
    Incorporation is handled as you discussed earlier, each corporation pay it's own taxes and is a seperate legal entity.

    However it's a heck of a lot more expensive to incorporate than it is to be a sole proprietorship.

    $500 minimum to incorporate, plus another $500-$1000 a year to pay an accountant to prepare your corporate taxes.

    Personally I think you're overthinking this. The odds of getting banned from adsense if you're not shady are incredibly slim.
     
    tke71709, Mar 16, 2007 IP
  13. jakomo

    jakomo Well-Known Member

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    #13
    Hello,

    As you know, and as you can read on many webmaster forums, there are many webmasters banned without notice, without click fraud, etc etc... As I can see you are an active member, and you can read here on DP forum it.

    I don’t want incorporated for a website with 10 pages, and I don't talked to do around $50/month in Adsense.....

    And yes, of course I am overthinking it... and $500 to $1000 year is nothing.. if you are running a website doing $200... $400... $150... (This is just an example) a day in Adsense income..

    You pay tax, yes! account $500 to $1000, yes! Look around my example to know how much money you loose if you get banned...

    How about have 10 websites doing $200/day each one, or any mount and one day, you get banned from Google, because they say, hey! you are doing click fraud, and this is not true! You lose $60.000 month!!! Funny right?

    I am NOT thinking to do clickfraud!!!! Because as I can see you every time say shady, odds, etc!

    This is very simple, I don’t want to put the eggs in the same basket..

    I hope all is right! :)
    Best regards,
    Jakomo
     
    jakomo, Mar 16, 2007 IP
  14. DharmaSeo

    DharmaSeo Peon

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    #14
    i have a sole proprietorship, to my knowledge u can only make 1...i dont understand how taxes would be done if you had a few..

    you wudnt be able to expense more or save more on taxes
     
    DharmaSeo, Mar 16, 2007 IP
  15. tke71709

    tke71709 Peon

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    #15
    And just every webmaster that I've seen who complained about it and gave details of their site(s) was found out to be scamming adsense in one way or another, either through keyword stuffing, bought traffic, told their friends to click their ads, brought unnecessary attention to the ads, etc...

    Is Google perfect? No, but not everyone who claims to be innocent is in fact innocent either.

    Yada yada yada... 99% of all adsense websites make less than a dollar a day. How many sites do you currently have making $150 a day in adsense income? Let me guess, none.

    Worry about that if you get there.

    Again, you're worrying about stuff that is unlikely to happen. You don't have 1 website making $200 a day, much less 10.

    Then go ahead and spend $1000 on getting incorporated for each website if you're that paranoid about it. It'll be a waste of time and money but personally, I could care less. That's a thousand dollars you could have spent on content and marketing, and you probably won't make it back but hey, go for it!

    Oh and when Google bans you for having multiple accounts (same IP, same PC, cookies, etc...) don't complain here about how Google banned you for no reason.
     
    tke71709, Mar 16, 2007 IP
  16. jakomo

    jakomo Well-Known Member

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    #16
    Hello,

    Sorry, I don't understad why you are sooo aggressive, saying yada yada yada... Or trying people about you dont understand anything..

    One thing, I am not an Adsense Spammer... and I knew everything that you said.... about coookies, IP, PC, etc etc...


    Thanks a lot for your time,
    Jakomo
     
    jakomo, Mar 16, 2007 IP