Business Structures

Business Structures

Importance of business structures

One of the many steps that are required for initiating any business setup consists of selecting an appropriate business structure for the company that one desires to set up. Business men have a variety of business structures to select from. Business structures from a formation of a corporation to partnership are available for the entrepreneur to select from. Every business structure comes with its own ramification of taxes and legal constraints, ( Ranson, 1980).

The business goals that are set play an essential role for the determination of the most suitable business structure that one ...