So, you’ve taken that huge first step and decided to start a business. Now what?
Should you register the business at all? Is there an opportunity to be a sub-contract worker? Is there a chance that you could be part-time? If not, then there is a whole list of business types out there to chose from and each has positives and negatives when it comes to the government, taxes, partners, closing/opening, and probably a few things you weren’t expecting.
Business structure is how you formally register the business with the government and how you formally outline how your business works on paper. It also has to do with how the people in the business work, control, or invest themselves (both money and time) into it. Your choice of business structure can affect how much you pay in taxes, how much your employees or partners work and what they do, how much liability you have, how people perceive you, how much paperwork you have to do, and what type of incentive programs you are eligible for.
This model is for anyone who hasn’t made a business structure decision yet and for anyone who hasn’t yet registered their business with the government.
This gives you an overview of your options and helps you move forward.
Length: 4 pages
What To Expect?
– The Model: How to Structure Your Business For Your Needs
– Top Mistakes to Avoid
– Now What? (Action Items)
– If You Learn Anything, It Should Be This
– The Model In Action (A Mini Case Study)
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