Finding the right business is never easy. The last thing you want to do is to start something and waste your time on it and later find out that it is not for you. Other concerns would be picking a business that may not fit your personality. There are a lot of business opportunities out there and it seems that each one of them is promoted as the best business opportunity … [Read more...] about Tips For Choosing A Home Based Business
Small Business
Corporations: The Pros and Cons
A corporation is a legal entity recognized and created by the state law in which it is headquartered. It is considered to be a unique entity that is separate and apart from its owners. The Corporation substitute itself for its owners in conducting a business such as entering into contractual agreements or incurring liabilities. This means that a corporation can buy assets, … [Read more...] about Corporations: The Pros and Cons
Limited Liability Company (LLC): The Pros and Cons
Whether you've just started your business or your already operating a business for quite some time, choosing the form of business structure has probably crossed your mind especially if you are just operating as a sole proprietor. One of the options for a business structure is a Limited Liability Company or simply called LLC. Limited Liability Company(LLC) is a hybrid … [Read more...] about Limited Liability Company (LLC): The Pros and Cons
Partnership: The Pros and Cons
When starting or operating a business, one of the decisions that you have to make is to choose a form of business entity. Last week, we have already discussed the most common form, which is a sole proprietorship. The next form of business operation is a partnership. A partnership is formed when two or more people form an agreement to carry on a business for a profit. Forming … [Read more...] about Partnership: The Pros and Cons
Sole Proprietorship: The Pros and Cons
A sole proprietorship is a form of business structure that is run by a single person or one individual. In this form, the owner is the business (not a separate entity) and owns all the assets of the business and the profits generated by it. They also assume complete responsibility for any of its liabilities or debts. If you start a business right now by yourself, you are … [Read more...] about Sole Proprietorship: The Pros and Cons