Essay Examples on Akamai University

Starting a new business or running an own Business

Starting a new business or running an own business is one of the life goals of most of the people in the world Some people were running a business from their early age of life from a being a member of a family business or starting by own Others may be starting a new business due to financial difficulties or financially backups in the life United State is known as the land of opportunities anyone can start a business and be a success There are so many benefits of starting a business and there are many risk factors too When considering starting a new business it's very important to choose what type of business organization you going to establish The structure of the business affects tax issues financial legal issues personal liability etc Basically it is three different legal forms of business structures organizations Sole proprietorship Partnership Corporation A sole proprietorship is a business owned and functioned by one person This is the simplest business type and the most numerous form of business organization in the United States Today there are 23 million sole proprietorships and it is over 70 percent of total US businesses 



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