Small Business Start-Up

Tina Limle Professor Hargiss GEB 1011 June 8, 2012 Hot Dog Cart Business When theatrical role this authorship I did non know what type of personal assembly line of acknowledgement I would even consider opening. My financial smear is not the superlative due to a bankruptcy and foreclosure. So why would I even try to think of a personal credit line to start up? So for this paper I stubborn to do all the explore on the different types of business formations front, therefore I could patch what business later. I decided I would like to move around for myself or go in in concert with a provide in a small business; since my credit is not so good. This type of business is a partnership. Partnerships ar easy to establish, sh ar responsibilities with your partner, more than knowledge and resources, and valuate advantages. The disadvantages are dividing profits and liability tailors. The main liability issue is that you clear be sued and they can se ize your personal assets. close I researched Sole Proprietorships. The advantages were exactly the same except for not having more resources and knowledge. The best advantage of the doctor proprietary, I feel, is you halt deoxycytidine monophosphate% of the profits! And for me the biggest disadvantage would be the difficulty in increase money for start up costs. This disadvantage became the break reckon in my decision of what type of business to start.

Since I did not know what type of business I wanted to start, I did not decide at this point if sole proprietorship or a partnership was right for me. promptly I needed to decide on what type! of business to start. The first thing I thought of was my finances. It would have to be relatively very low amount for start-up (est. $1,000). Then I tried and true to think of someone to be a partner with; I couldnt think of anybody. At this point I decided it would have to be a sole proprietorship business. I started thinking I could open a booth at our local flea market the Wagon Wheel. I chequered the expense of the booth rental and it was $10 a day. So for $10 and the price of some...If you want to get a copious essay, tack together it on our website: OrderCustomPaper.com

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