Business Structures:
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.
Questions:
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?
https://www.cbc.ca/dragonsden/m_pitches/caplanskys-deli
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