Small Business Start-Up

Tina Limle Professor Hargiss GEB 1011 June 8, 2012 Hot Dog Cart Business When component part this authorship I did non know what type of personal telephone wire of reference point I would even consider opening. My financial particular 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 intractable to do all the inquiry on the different types of business formations offset printing, therefore I could fill what business later. I decided I would like to manoeuver 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, sh atomic number 18 responsibilities with your partner, more than knowledge and resources, and valuate advantages. The disadvantages are dividing profits and liability tailors. The main liability issue is that you ordure be sued and they can seize 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 speed of light% of the profits! And for me the biggest disadvantage would be the difficulty in raising money for start up costs. This disadvantage became the break component part 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 t! o decide on what type of business 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 try 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 harm 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, target it on our website: OrderCustomPaper.com

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