Chapter 2
Choosing the Right Foundation: From Partnerships to Corporations
IN THIS CHAPTER
Deciding which business form is best suited to you
Establishing yourself as a sole proprietorship
Evaluating alternative legal structures
Operating by the rules of incorporation
Modifying your ownership structure
At the top of every start-up checklist is a line item that reads “Establish the formal structure of your business.” This line means that you start by deciding how you want your company legally organized. You can be the sole owner or have two partners or 50 shareholders. Each form of business has definite advantages and disadvantages, depending on your goals for the business.
Read the information we provide in this chapter about all these options before making your final decision.
Strategizing for the Best Organization
Choosing how to set up your business is easier than you might think. Considering that you have only four primary choices, the odds of narrowing the selection quickly ...
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