Here’s a little tidbit of info that most of you perhaps didn’t know: D’Eith and Company acts as the head office and records office for over 80 BC companies, ranging from incorporated bands/artists, studios, management companies, record labels, and corporate holding companies.

Why would you want to incorporate your business entity you ask? The first answer is tax benefits. As an example, if you are in a band and are starting to generate income consistently on a monthly basis, you may be able to achieve significant tax breaks by writing off your band expenses (and there is never a shortage of those) against any income made. If you are a management company or record label, these benefits are magnified.

The second benefit is the limited liability provided by incorporation. So if your band/studio/management company gets sued for whatever reason, you as an individual will be safe from liability, i.e. the liability stays with the corporation. If your business entity is making any sort of profit on a regular basis, this benefit cannot be overstated.

The costs to incorporate are completely reasonable, and Kurt can explain all the benefits and provide advice based on your specific situation over the phone. Once he has all the relevant info, you could be incorporated in a matter of weeks, and start making the most of your business in no time.

Give us a shout at 604-675-6227 to discuss, we’d be glad to help.

- Kurt Dahl, Dec. 7, 2011