What you should consider choosing a business

Business goals: The projected size and profitability of a business influences the form of ownership chosen. Business often evolves into a different form of ownership as they grow, but moving from some formats can be complex and expensive. Legislation may change and make current ownership options less attractive.

Management succession plans: Entrepreneurs, in selecting a form of business ownership, must look ahead to the day when they will pass their companies on to the next generation or to a buyer. Some forms of business ownership better facilitate this transition. In other cases, when the owner dies –so does the business.

Cost of formation: The cost of formation to create business ownership varies from one form to the other. Entrepreneurs must weigh the benefits and the costs of the form they choose.

 


Copyright Alert: Contents on this website may not be republished, reproduced, redistributed either in whole or in part without due permission or acknowledgement. In the case of re-publication in online platforms, proper acknowledgment include, but not limited to LINK BACK TO THE ARTICLE And proper REFERENCING in research usage. All contents are protected by Digital Millennium Copyright Act 1996 (DMCA).
If you own this content & believe your copyright was violated or infringed, make sure you contact us via This Means to file a complaint & actions will be taken immediately.

No Responses

Leave a Reply