5: Business organization
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.
- Whether to go into business alone or with a partner.
- What type of business organization to use for the business: proprietorship, partnership, corporation or limited liability company.
- What professional advisors to select.
- Should You Have a Partner
- Arguments For
- Arguments Against
- What Type Of Business Organization Is Best For You?
- Sole proprietorship
- General partnership
- Limited partnership
- Corporation
- "S" Corporation
- Limited liability company
- Laws That May Affect You
- Income tax returns
- Franchise tax returns
- Employment tax returns
- The time for payment of withheld and employers share of employment taxes
- Unemployment tax returns and payment
- Sales tax reports and payments
- How Can Your Professionals Help You?
- Attorney
- Accountant
- Payroll service providers
- Your pension plan manager
- Your pre-employment screening service
- Other Professionals
- Suggested Activities
- Top Ten Do's and Don'ts
- Business Plan
- Session Quiz