Скачать или смотреть Choosing the Right Business Structure

Starting a business is thrilling, but choosing the right structure—sole proprietorship, partnership, corporation, LLC, cooperative, or nonprofit—is crucial for success. Sole proprietorships offer full control and simple taxes but come with unlimited liability. Partnerships allow shared responsibility but carry shared risk. Corporations provide strong liability protection and funding options but require complex compliance. LLCs blend liability protection with simplicity but limit capital-raising options. Cooperatives foster community benefits but face slower decision-making and funding challenges. Nonprofits serve social causes with tax advantages but require strict financial oversight. Assess your liability, taxes, funding needs, and growth goals to select the best fit for sustainable success.

This is an excerpt from the Hitimu Academy course titled "Foundations of Business and Entrepreneurship." To enroll in this course, please visit: https://hitimu.academy/courses/founda...