This chapter discusses many forms of business, and the advantages and disadvantages of these forms of business. Every person has to decide what form of business will best suit his needs and goals. Before I start my business, I had to ask myself many questions: would I prefer to have my own business without any other partners? Do I have all the skills to operate this business? Do I have enough financial resources to cover this business? My husband encourages me to be a sole proprietor for many reasons. This form of business is easy to form and start. I don’t to pay any fees, or doing any legal forms (except the permit license for selling perfumes). I don’t need to pay any special franchise or corporate taxes. I have a full control of my business, I don’t need to discuss my projects or my goal with a partner or a co-workers. Since I have other responsibilities as a mom and a wife, I like being a sole proprietor, because I can work anytime (morning or night), I can work wherever I want (in my house, in starbucks, since I have wireless
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This note was uploaded on 02/27/2010 for the course ACC Business L taught by Professor Gwendolynthomas during the Spring '10 term at West Valley.