Sole Proprietorship = one owner (self-employed), unlimited liability, simple structure.
Partnership = two or more owners, unlimited liability, share costs/profits, contract/legal agreement advised.
Corporation = shares determine ownership, limited liability, requires proper legal documents, registration with government.
What kind of business structure will you use?
Why did you choose this type of business structure?
Watch “Caplanski’s Deli” – do you think he was right or wrong? Why?