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Based on the English Common laws for three primary forms of business one would start with a Sole Proprietorship. As it "the most common form of business organization in the United States. Many small businesses and a few large ones operate in this way" (Cheeseman). This is ideal for my idea stated on last week discussion of my car-wash business due to the fact there is only one owner of the business, who is called the sole proprietor. Under this business model I can start up and manage my own business where I have no one who communicate any of there feedback to get the business running. Yet if I were an employee I would like to work under a corporation. Whereas smaller companies offer a more personalized experience, larger companies offer opportunities and access to resources that smaller businesses may lack. Corporations typically offer employees clear and defined paths to success. Each team member in a large business will have defined roles and specific responsibilities. This allows employees to thrive in their niche while building their skill sets and experience. Corporations may offer more when it comes to employee benefits and are typically able to provide more comprehensive health insurance, and they often opt for dental and vision plans as well. Overall, they have more resources available to help the team succeed. Though one believes that sole proprietorship is a one man or one woman show it can lead to big and better things to come and upgrade your business to a General partnership if set work load is too much to handle.

 

Cheeseman, Henry R. Business Law. Pearson, 2017.

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