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Which Legal Structure Should You Choose for Your Small Business?

When you start a small business it needs to operate under a specific legal structure for both liability and taxation purposes. In the western world, there are three main types of legal frameworks for small businesses:1) Sole Proprietorship2) Limited Liability Company (LLC)3) PartnershipKeep in mind that no matter what option you choose, it’s not permanent. …

Business Models

Entrepreneurship and Innovation: Creating a New Business Model

If you feel that existing business models are not going to work for you, create your own. Business model innovation can give you the competitive edge you need for success. You can develop such innovation using the principles of a straightforward business structure. Designing Your Business Model Designing your innovative business model simply requires a …

Entrepreneur

Are These Five Problems Preventing You From Selling Your Company?

While most business owners have a dream of eventually selling their business, the reality is that most of them will never accomplish this. According to BizBuySell’s Insight Report, only about 4-5% of companies are sold each quarter. Here are five reasons that you may have difficulty selling your company. Not Finding the Right Buyer In …