Unlocking Your Business Potential
What are the types of ownership? Common types of business ownership Sole proprietorship. A sole proprietorship occurs when someone does business activities but doesn’t register as another kind of business. Partnership. Limited liability company. Corporations. Cooperative. Read more on www.g2.com What kind of ownership structure you want to have is one of the most crucial … Read more
What is the difference between a DBA and a sole proprietorship? A DBA stands for “”doing business as.”” It is not a business structure, but rather it allows companies to do business under a secondary name. If you don’t register your business under a specific structure, you are automatically labelled a sole proprietorship. Read more … Read more
What is the best ownership for a restaurant? Three best legal structures for new restaurants Sole Proprietorship. You’re the boss, but you’re also your own biggest gamble if you decide to set up a sole proprietorship, a legal structure that holds you completely liable for all of the company’s debts. Partnership. Limited Liability Company (LLC) … Read more