Organizing the Enterprise
Which Form Is Best for You?
Key Topics Covered in This Chapter
•the various legal forms of organization available to U.S. businesses
•the advantages and disadvantages of each form
•determining which form is best for your business
ONE KEY ISSUE that every entrepreneur must address at the onset of a new venture is the legal form the enterprise will adopt. Should it be a sole proprietorship, a partnership, a corporation, a limited liability company?
This decision is driven chiefly by the objectives of the entrepreneur and the firm’s investors. But taxation and legal liabilities also play a part. The choice is made ...
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