One of the most important decisions you will need to make when starting a business is deciding on the legal structure of your business. Each type – sole proprietorship, partnership, corporation (general, C and S), and limited liability company – all have their pros and cons. The key is to find the legal structure that will work best for you.
Legal and regulatory requirements your business needs to comply with when starting a business.
One way to start a business is to work with someone else. You can partner with your family, friends, colleagues and other individuals. Here are some suggestions on how to work harmoniously with your business partner.
When you go into business yourself, you may be personally liable for the debts of your business. Learn how to protect your personal assets.
Document! Document! Document! It is important for a business to keep everything in writing, from service agreements to business partnerships.
Your choice of the legal structure for your business is important for a number of reasons.