As a business owner, one of the important decision you have to make is that how your business is to be structured. There are different business organisations, each of which have advantages and disadvantages. Sole proprietorship is a form where the business is owned by a single owner who is responsible for running the business. Profit is received and complete control lies with the owner. Moreover, it is the easiest and least expensive form to organise. Partnership consists of two or more owners for a single business. Profits are shared and divided decision making happens in this form of organization. Corporation is an entity which can be C-Corporation, S-Corporation and Limited liability company. In corporation, the income is distributed to shareholders as dividends. The LLC is similar to limited partnership, with some income advantages to partners. More details can be obtained from the powerpoint presentation.

Sruthy Santhosh

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