Business Structures (continued)
- Think about your personality, work style and goals. Write them down in a notebook. As you write them down, think about how they would fit in a specific business structure.
- Inventory your personal assets. Each structure offers different levels of protection should your company experience bankruptcy or a successful lawsuit. What is at risk for a particular structure you’re thinking about if things were to go wrong?
- When it comes to decision-making, are you more authoritative or collaborative? Be honest, as this will help you pick a structure that matches your personality.
- Go back to the structures comparison chart to see how the different structures stack up in terms of liability, operations, difficulty and reporting requirements.
- Consult an account and/or attorney to learn more about the implications of the specific structure you’re interested in and review your own circumstances.
Introduction: Are You Ready?
1. Thinking Like a Business
2. Business Structures
3. Access to Capital
4. Creating Revenue Streams
6. Finding Customers
8. Creating a Winning Pitch
9. Effective Negotiation
10. Intellectual Property
11. Managing Your Money
12. Going Global