Is it possible for an individual to form a corporation?
Yes, even if you're the sole proprietor of your business, you can legally incorporate it. You can hold all positions within the corporation and be the only shareholder. However, it's important to note that even though you're a one-person show, you still need to comply with all the rules and regulations that come with incorporation. This includes properly maintaining corporate records, making significant decisions, and filing all the required legal documents.