Purdue University Global Productivity and Sustainability of a Business Discussion For Company X
This unit focuses on the legal form of your proposed business, as well as its history. The history includes all you have done until this moment to create your business. In this discussion, you will determine the risks your business may face, and the appropriate legal business form that takes risk into consideration.
Topic: Business Form
Very briefly, describe your business (no more than one sentence).
What risks might your business face? Consider liability, fiduciary responsibility, professional ethics, partnership risks, product risks, employee risks, property risks, etc.
Given your risks, what business form makes the most sense?
How do you legally begin this business in your state/country? Does it need to be registered in your state? If so, how do you go about registering it?
Are there fees associated with opening your business (city, county, state, federal)?
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