FORMS OF BUSINESS SOLE PROPRIETORSHIP, PARTNERSHIP (1 läser) (1) Gäster
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ÄMNE: FORMS OF BUSINESS SOLE PROPRIETORSHIP, PARTNERSHIP
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Shawnturner (Medlem)
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FORMS OF BUSINESS SOLE PROPRIETORSHIP, PARTNERSHIP 1 Vecka, 5 dagar ago  
Hi,

After deciding to start a business (and the particular business to pursue), one of the important issues is the form of business entity that will serve as the vehicle in pursuing the business.

You may say that the next important issue is the source of funding, which is correct, but that issue will be discussed much later. Right now, let’s focus on the forms of business.

The choice of the form of business or business organization depends on various factors. In certain business, like banks, the law requires that the business entity must be a corporation.

A small business, like your friendly sari-sari store, is better off as a sole proprietorship, although it could also be converted to another form of business if the circumstances require that shift.


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