Business Structures - 68047

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  • Posted on: Mon 30 Jun, 2014
  • Request id: # 68040
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One of the first steps to take when starting a business involves choosing the structure of the company. There are many business structures available to new business owners, from operating as a partnership to forming a corporation. Each business structure has its own legal and tax ramifications. Your business goals will play a large factor in determining the best business structure to choose.

Sole Proprietorship
A big advantage of a sole proprietorship is the high level of autonomy the owner has to run his business. There are no other owners to divide profits with, which allows a sole proprietor to use company funds