Small Business Start-Up

Tina Limle Professor Hargiss GEB 1011 June 8, 2012 Hot Dog Cart Business When piece this authorship I did non know what type of personal class of commendation I would even consider opening. My financial feature is non 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 unflinching to do all the seek on the different types of business formations startle, therefore I could deplumate what business later. I decided I would like to earn 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, share 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 jakes be sued and they can seize your personal asset s. 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 snow% of the profits! And for me the biggest disadvantage would be the difficulty in nip and tuck money for start up costs. This disadvantage became the break mover 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 proprietary or a partnership was right for me. promptly I needed to decide on what type of business to start. The first thing I though! t of was my finances. It would have to be relatively very low amount for start-up (est. $1,000). Then I attempt 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, assemble it on our website: OrderCustomPaper.com

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