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It's easy to avoid liability if you're selling a calculator app, but much harder if you're a plumber. Also, lawsuits tend to be more frequent and for higher val
by gucci-on-fleek 9mo ago
It's easy to avoid liability if you're selling a calculator app, but much harder if you're a plumber. Also, lawsuits tend to be more frequent and for higher values in the US than almost anywhere else in the world, so even relatively "safe" businesses are still somewhat risky.
Wikipedia makes it sound like forming a German business is quite expensive and time consuming [0], so I can certainly see why you'd want to avoid incorporating if possible there. But in Canada, it only takes an hour and a few hundred dollars to incorporate (random example [1]), so it's usually worth the effort/cost unless the business is tiny.
[0]: https://en.wikipedia.org/wiki/GmbH https://en.wikipedia.org/wiki/GmbH
[1]: https://abregistry.ca/product/alberta-corporation-standard https://abregistry.ca/product/alberta-corporation-standard