Business and Commercial Law
Business Management Structure One of the first and single most important decisions that a business owner will need to make when starting a new business is to figure out which type of business management structure they are going to use when they register their business. Business owners will be able to choose from a number of different business management structures, including: Corporations (foreign corporations, etc.); Sole proprietorships; General or limited partnerships; Limited liability companies; Limited liability partnerships; and Various other business organizations that are permitted by statutes. The business management structure that a business owner chooses can have a significant impact on a company’s future performance or business success...
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