BUSINESS RETAIL STORE

Business Retail store



Business Retail store

Factors considered choosing a legal structure for the retail store

The legal liabilities in a retail store partnership can be unlimited, unless a limit is provided in the partnership agreement. Following are the factors I will consider choosing the legal structure for my business: Liability on the business:

It is essential to know the liability the retail store may incur, and whether it has any affects on business in the future. The liabilities can be easily set by the lawyer, and the cost must be dividing as per the contract.Implication of Taxes

The tax implications depend on the type ...