Types of Businesses in America Essay -- Business Law

Types of Businesses in AmericaAmerican companionship has always been optimistic towards their future. The American nation is a hoodistic country. umteen individuals ar influenced to have up their own handicraftes with their own ideas. The government boosters and regulates all business. There ar three types of businesses sole proprietarys, partnerships and corporations. A sole proprietary would be my best choice to start up my own business. This lay down of business is the easiest to start. In the states a national license or yield is needed to sell products or serve a service to the public. A license is required in order to begin the business operation. Income or loss the owner is accounted for on the tax return. Flow thru taxation is the margin used to state that the owners incomes flows through the tax return. I would keep contact daily with my accountant. The business would not be taxed in two ways as there would be in corporations. It is simply taxed once. I woul d not need contracts stating two people joining in and making an driveway to make a business work as there would be in partnerships. I would just rely on myself. I welcome better confidence of trusting myself than trusting others in forming a partnership. It is a gamble and a risk to be liable for the entire business. disembodied spirit is pretty short and taking a risk would either imply it was worth it or you learn from it. Since its the easiest form of business to start why not take full advantage. scarcely there are advantages and disadvantages. In a sole proprietorship there is limited capital which means the owner would have trouble getting the supplies and materials needed for. But it would also seem harder to borrow money and loans from the money box. A loan from the bank seems like the ... ...g. Businesses structures and regulations are strong and firm which befriend businesses around the nation. The rules and regulations from the federal government help and keep the people safe. Starting a business is easy and profitable. It may be easier to start a sole proprietorship rather than a corporation. But many can receive help from family or friend and start a partnership where there is help and support of a partner. There are advantages and disadvantages for all forms of business. There are endless opportunities for the American people. There optimistic attitudes can lead them to bang-up wealth. Works Cited Pride, William M., Hughes Robert J., Kapoor Jack R. Business. Publisher Boston Houghton Mifflin Co. 8th edition. Sole proprietorship/Partnerships/Corporations. Wikipedia. 5, August, 2005.7,August, 2005. http//en.wikipedia.org/wiki/Main_Page