How To Structure Your Business

So, you’ve taken that huge first step and decided to start a business! Now what? Should you register your business? Is there an opportunity to be a sub-contract worker? Is there a chance that you could be part-time? If not, you could structure your business in any one of a variety of ways, each with its own advantages and disadvantages regarding:

  1. Government
  2. Taxation
  3. Partnerships
  4. Closing/opening
  5. Other things that enrepreneurs don’t expect

Research your options carefully to ensure you choose the business structure that will work best for you.

Topic Objective: Review the cost benefit of each of the different business structures available.

Your Outcome: A decision about the best business structure for your business.

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