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Forms of Business Ownership
SBA:
One of the first decisions that you will have to make as a business owner is how the company should be structured. This decision will have long-term implications, so consult with an accountant and attorney to help you select the form of ownership that is right for you. In making a choice, you will want to take into account the following:
- Your vision regarding the size and nature of your business.
- The level of control you wish to have.
- The level of “structure” you are willing to deal with.
- The business’s vulnerability to lawsuits.
- Tax implications of the different ownership structures.
- Expected profit (or loss) of the business.
- Whether or not you need to re-invest earnings into the business.
- Your need for access to cash out of the business for yourself.
via BizzBangBuzz.
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home based business on January 10th, 2009 1:43 pm
Most people start with a sole proprietor ship as its easy to switch along the way. Getting started is key especially for new business owners that have never started a business before. not every business started is going anywhere
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