Business Structures Assignment Example | Topics and Well Written Essays - 250 words

Business Structures - Assignment Exampleof the sole proprietorship recoil of structure is that the individual enjoys decision making and being an own boss while the break may involve the business enterprise not having enough capital to operate (Nkwocha, 2014). On the part of partnership business forms, the major advantage is that it is not expensive to set up while a major demerit involves sharing of losses with other partners regardless of the situation. Trust form of business is very expensive to get down as well as operate. However, this form of business guarantees protection of the assets in question. The company enjoys limited indebtedness but incurs higher costs for setting up (Nkwocha, 2014).Prior to choosing a form of ownership, an entrepreneur should need factors such as the amount of capital required, ownership and control of the business, license and the volume of work (Nkwocha, 2014). some(prenominal) of the laws that might need to be considered when determining a b usiness structure include licensing laws that explain on tax registration and license, the disclosure agreement laws that touch in confidentiality matters and even zoning laws that involve the military position of business (Steingold,