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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: , , , , , , , , , | Comments

Forms 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 :)


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