Professional Documents
Culture Documents
• There are several forms that you can select for your business. The form or type of corporate structure
is
• A sole proprietorship is an easy and cheap form of business to start. But it is also the most risky,
because you as the owner are personally responsible for all the debts of the business.
• A partnership can be an advantage if the business needs skills or experience which you do not
possess. Partners can also help by contributing capital to start the business. All partners share the
responsibility for the debts of the business so your own risk is reduced.
• A cooperative is formed by a number of people who decide to work together for a common purpose.
The common purpose can be either economic gain or to provide certain services for the members of
the cooperative.
• The biggest advantage of a limited company is that there is less risk for each shareholder. As a
shareholder you only risk losing the money you put into the business when purchasing shares. But a
• When you run a business you have legal responsibilities, including paying taxes, following labour laws
and regulations, getting licences and permits and abiding by lease agreements and other contractual
• There are several forms that you can select for your business. The form or type of corporate structure
is
• A sole proprietorship is an easy and cheap form of business to start. But it is also the most risky,
because you as the owner are personally responsible for all the debts of the business.
• A partnership can be an advantage if the business needs skills or experience which you do not
possess. Partners can also help by contributing capital to start the business. All partners share the
responsibility for the debts of the business so your own risk is reduced.
• A cooperative is formed by a number of people who decide to work together for a common purpose.
The common purpose can be either economic gain or to provide certain services for the members of
the cooperative.
• The biggest advantage of a limited company is that there is less risk for each shareholder. As a
shareholder you only risk losing the money you put into the business when purchasing shares. But a
• When you run a business you have legal responsibilities, including paying taxes, following labour laws
and regulations, getting licences and permits and abiding by lease agreements and other contractual
• There are several forms that you can select for your business. The form or type of corporate structure
is
• A sole proprietorship is an easy and cheap form of business to start. But it is also the most risky,
because you as the owner are personally responsible for all the debts of the business.
• A partnership can be an advantage if the business needs skills or experience which you do not
possess. Partners can also help by contributing capital to start the business. All partners share the
responsibility for the debts of the business so your own risk is reduced.
• A cooperative is formed by a number of people who decide to work together for a common purpose.
The common purpose can be either economic gain or to provide certain services for the members of
the cooperative.
• The biggest advantage of a limited company is that there is less risk for each shareholder. As a
shareholder you only risk losing the money you put into the business when purchasing shares. But a
limited company is quite complicated and expensive to form.
• When you run a business you have legal responsibilities, including paying taxes, following labour laws
• There are several forms that you can select for your business. The form or type of corporate structure
is
• A sole proprietorship is an easy and cheap form of business to start. But it is also the most risky,
because you as the owner are personally responsible for all the debts of the business.
• A partnership can be an advantage if the business needs skills or experience which you do not
possess. Partners can also help by contributing capital to start the business. All partners share the
responsibility for the debts of the business so your own risk is reduced.
• A cooperative is formed by a number of people who decide to work together for a common purpose.
The common purpose can be either economic gain or to provide certain services for the members of
the cooperative.
• The biggest advantage of a limited company is that there is less risk for each shareholder. As a
shareholder you only risk losing the money you put into the business when purchasing shares. But a
• When you run a business you have legal responsibilities, including paying taxes, following labour laws
and regulations, getting licences and permits and abiding by lease agreements and other contractual
agreements.
agreements.
agreements.