ENTREPRENEURSHIP

Detailed explanation-1: -Personal circumstances, financial needs, and the type of business. Because each business owner’s situation is unique, the owner must consider the type of business being operated, the amount of capital needed to start the business, and the owner’s personal circumstances.

Detailed explanation-2: -your ownership and management structure. your investment and financing needs. the potential risks and liabilities of your business. the formalities and expenses involved in establishing and maintaining the various business structures, and.

Detailed explanation-3: -To choose one from various structures can be a daunting task. But, the clarity about the vision and scale of business makes this choice easier. You must know the level of control you want, the level of compliance you will be able to follow, the amount of investment you will require, and more.

Detailed explanation-4: -The most common forms of business are the sole proprietorship, partnership, corporation, and S corporation.

Detailed explanation-5: -The ownership of the business is divided by shares in the company. Those who own the shares are known as shareholders. This type of business ownership provides limited liability to the owners. Limited liability provides the shareholders’ personal assets with protection from liabilities incurred by the business.