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Incorporation status
Part A - Plain language definition:
Not applicable
Part B - Detailed definition:
Refers to the legal status of a business, farm or professional practice. It is directed at persons who were mainly self-employed, either with or without paid help in the job reported (i.e., their job in the week [Sunday to Saturday] prior to enumeration [May 16, 2006] or the one of longest duration since January 1, 2005). An incorporated business is a business, farm or professional practice that has been formed into a legal corporation, thus constituting a legal entity under either federal or provincial laws. An unincorporated business, farm or professional practice is not a separate legal entity, but may be a partnership, family business or owner-operated business.
The question on incorporation is often used in conjunction with Labour market activities: Class of worker data, since self-employed persons who reported their farm or business as incorporated can be included with paid workers in certain types of analysis.
