Start Business

Session: 4
This session will clearly spell out your options for deciding the form of business that is right for you.

Decisions that every entrepreneur must make:

1. Whether to go into business alone or with a partner.
2. What type of business organization to use for the business: proprietorship, partnership, corporation or limited liability company.
3. What professional advisors to select.

* Should You Have a Partner
o Arguments For
o Arguments Against

* What Type Of Business Organization Is Best For You?
o Sole proprietorship
o General partnership
o Limited partnership
o Corporation
o "S" Corporation
o Limited liability company

* Laws That May Affect You
o Income tax returns
o Franchise tax returns
o Employment tax returns
o The time for payment of withheld and employers share of employment taxes
o Unemployment tax returns and payment
o Sales tax reports and payments

* How Can Your Professionals Help You?
o Attorney
o Accountant
o Payroll service providers
o Other Professionals

* Suggested Activities

Labels: Business organization