What business structure is right for me? Part 1: Form of Ownership | Small Business Information
Posted: June 20th, 2009 | Author: Darcee | Filed under: Bookkeeping, General News, Virtual Assistant | Tags: Bookkeeping, DarceeSellers, Entrepreneur, independent contractor, QuickBooks, small business, Taxes, VA's, Virtual Assistant, YourSavvyVA | CommentsForms of Ownership
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’ vulnerability to lawsuits.
- Tax implications of the different ownership structures.
- Expected profit (or loss) of the business.
- Whether or not you need to reinvest earnings into the business.
- Your need for access to cash out of the business for yourself.
Compliments of http://www.sba.gov
There are 5 different business structures to choose from. Stay tuned! I will be posting about each of these structures in the upcoming weeks.
Until next time!
Darcee 
