14 Nov 2022

42

How to Determine the Best Legal Structure for Your Business

Format: APA

Academic level: College

Paper type: Essay (Any Type)

Words: 281

Pages: 1

Downloads: 0

The author of the article is known as Sammi Caramela, and it addresses entrepreneurs and business practitioners who are interested in the best legal structure they should choose for a business. The article discusses how entrepreneurs can determine the best legal structure since it is part of the essential startup processes for any company. The text offers valuable knowledge on the advantages and disadvantages of a business entity and the importance of considering them before finally settling on one. Important to note is that the article reflects the business entities usually employed in the United States as illustrated by the assertion that states have varied requirements for different business structures. It is a current article reflecting emerging issues as shown in its date of authorship which is on January 29, 2018. The reason why the article matters is that it illuminates various business entities that would help an entrepreneur to make the best choice for their business, a factor that impacts several issues including taxes, liability, and control of a company. 

I chose the article first because it highlights some of the fundamental issues that affect business today. It reflects on the essentiality of picking up the best legal structure that best works depending on the nature of an individual's business. The article takes an analytical approach while discussing various forms of business by highlighting their respective pros and cons in an attempt to help the reader understand the strengths and weaknesses of each set up hence influencing them to make the right decision. The article further goes on to emphasize the various factors to be considered in the today's business world before venturing into a particular business model. The article is information and cites information from some of the renowned entrepreneurs and scholars, a factor that boosts its credibility. 

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Reference

StudyBounty. (2023, September 15). How to Determine the Best Legal Structure for Your Business.
https://studybounty.com/how-to-determine-the-best-legal-structure-for-your-business-essay

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