What are some disadvantages of incorporating?

What are some disadvantages of incorporating?

Gregg Wind (Partner, Wind Bermer Hockenberg, LLP) gives expert video advice on: Can starting a business decrease my taxes? and more...

The primary downside to having a corporation is the cost of administration. There's an extra tax return to prepare and extra corporate minutes to prepare, but do go through the analysis and see if the benefits of incorporation outweigh the costs - often they will.