OL_320_4.3_Short_Paper.docx - Running head Legal Structure 1 Which Legal Structure Is Right for You Katie Tomeski undergraduate Southern New Hampshire

OL_320_4.3_Short_Paper.docx - Running head Legal Structure...

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Running head: Legal Structure 1 Which Legal Structure Is Right for You? Katie Tomeski, undergraduate Southern New Hampshire University
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Legal Structure 2 Legal importance There are multiple different legal forms for you to choose from for your business. It should be one of the first things that needs to be considered when getting ready to open a business wither it be by yourself as the only owner or with another person working along with you. Choosing the right form will have long term actions. It deals with taxes you’ll have to pay, any potential investors and your personal financial security for yourself and your partners if you have one. What legal for works best for me. The business legal form that I have chosen to go with for my future home décor and coffee shop is General Partnership. With a general partnership there is more than one person involved in the business ownership. General Partnership “refers to a relationship in which all partners contribute to the day-to-day management of the business. Each partner will have the authority to make business decisions and even legally bind the company in contracts.” (Scott, D.,
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  • Summer '16
  • Corporation, Limited partnership, Types of business entity

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