unit_1 - Running head: LEGAL FORMS OF BUSINESS 1 LEGAL...

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Running head: LEGAL FORMS OF BUSINESS 1 LEGAL FORMS OF BUSINESS Constance F. Lima-Gonzalez BUS 105 NOVEBER 13, 2011 David Tibbetts
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LEGAL FORMS OF BUSINESS 2 Abstract Everyone at one time in their life dreams of owning their own business. What we do not look at is what it takes to actually own your own business and be successful. As a motivated housewife who loves to work around the house, you come up with an idea for to invent a new type of appliance for the house. With little financial and management skills, you have no idea of how you will fund your invention to start it up. To have and be successful in any business, you have to have an action plan in place, money to start the business and production of the product, what type of legal form of business you will open, and the knowledge to run the business and be successful.
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LEGAL FORMS OF BUSINESS 3 LEGAL FORMS OF BUSINESS While I am deciding to open a business, I have to consider the many options there are. I will have to look at the legal, social, and economic environments to wonder if the invention I had an idea for will be a good pursuit. I will also need to know if the environments affect the profit and loss margin. Other things to consider and have knowledge of would be the rules, regulations, tax
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This note was uploaded on 11/15/2011 for the course BUS 105 taught by Professor Georgekelley during the Fall '11 term at American InterContinental University.

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unit_1 - Running head: LEGAL FORMS OF BUSINESS 1 LEGAL...

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