The easiest and least expensive way to begin operating a business is as a sole proprietorship. You simply decide to begin operating the business as a sole proprietor and it's done. |
There are basically two types of partnerships: |
If a business is going to be owned by more than one owner, the simplest business form to create and operate is a general partnership. Although a partnership is more complicated to form than a sole ... |
A limited partnership is a partnership with two classes of partners: general partners and limited partners. The general partners operate the business and are personally liable for all obligations of ... |
A limited liability company (LLC) is a hybrid entity that combines the tax flow-through aspects of a partnership with the liability protection of a corporation or a limited partnership. However, ... |
One of the best-known and most widely used business entity forms is the corporation. |
For most purposes, an S corporation is not a separate type of corporation. An S corporation operates in the same manner as a regular corporation. It must ... |
Naming your business may not be as simple as it seems. When selecting a name, try to make the name short, easy to remember, descriptive of the business, and capable of drawing attention. Depending on ... |
New small businesses that need a loan to get started are in a classic catch-22: lenders will want to see a proven track record before they lend you any money, but you can't establish the track record ... |
Even if your business has an accountant, you should know something about basic accounting principles. Setting up your books in an organized manner is one of the important, and most ignored, first ... |
