short paper OL 320 legal structure.docx - OL-320-T-4103 Entrepreneurship 19EW4 4-3 Short Paper Which Legal Structure Is Right for You Professor Lloyd

short paper OL 320 legal structure.docx - OL-320-T-4103...

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OL-320-T-4103: Entrepreneurship 19EW4 4-3 Short Paper: Which Legal Structure Is Right for You? Professor: Lloyd Molander Patrick Brown March 27, 2019 Think about the various forms of business legal structure you have studied. Consider and weigh in your mind the advantages and disadvantages presented. Which legal structure seems better suited to certain of your venture ideas? Which forms of structure seem to make sense for you, your personality, and the kinds of businesses you might consider running? Are there clear advantages and downsides to starting a business using this structure? When starting a business one of the first question prospective entrepreneur need to answer is what legal form their business will take. This is very important because choosing a legal form will affect how much will be paid in taxes and who can invest in the business, as well as the personal financial security of the
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