Which Legal Structure Suits the Business? Company, Partnership, or Proprietary Concern?
From all the things that you have to consider while starting your own business, one of the most important ones is deciding your legal business structure. It impacts the taxes you will pay, the amount of paperwork involved, your liability in the entity, your decision making power, and the money you will make.
Here’s how you can decide which legal business structure is best suitable for you. Evaluate the following things carefully and make an informed decision.