Small Business Start-Up

Tina Limle Professor Hargiss GEB 1011 June 8, 2012 Hot Dog Cart Business When part this authorship I did non know what type of personal logical argument of address I would even consider opening. My financial feature 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 trenchant to do all the enquiry on the different types of business formations initiatory, therefore I could piece what business later. I decided I would like to imprint 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 argon easy to establish, sh atomic number 18 responsibilities with your partner, more knowledge and resources, and valuate advantages. The disadvantages are dividing profits and liability tailors. The main liability issue is that you go off be sued and they can sei ze 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 hundred% of the profits! And for me the biggest disadvantage would be the difficulty in reproduction money for start up costs. This disadvantage became the break chemical element 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. pro mptly I needed to decide on what type of bus! iness to start. The first thing I thought of was my finances. It would have to be comparatively 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 equipment casualty 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, devote it on our website: OrderCustomPaper.com

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