Starting A Business
Starting a Business
When starting a business there are four categories that your business can fall under. They are corporation, limited-liability-company, partnership, and sole proprietorship. Each one of them has different advantages and disadvantages but I believe that a limited-liability-company is the best way to start a business.
Now one thing must be said and that is that all of this information is based on the fact that you plan on running a big-money business. If you plan on just selling pizza and baseball cards or something along those lines then there may be better solutions. This information is for anyone who wants to be able to own a million dollar business with customers worldwide.
The oldest type of business out of the four is sole proprietorship. This is the easiest form of business to run and can be started by anyone. However, these types of businesses also have the highest failure rate. A business classifies as a sole proprietorship if it has only one owner and is not registered with the state as a corporation. The big advantage to this is that it is easy to set up and it does
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