Proprietorships
This clip explores the advantages and disadvantages of setting up a business as a sole proprietorship. While this approach does afford the maximum flexibility, it also generally exposes the owner to more risk than other forms of legal organization.
Partnerships
This clip looks at partnership as an option for legal organization. Some of the reasons partnerships are formed include the need for additional capital and the opportunity to take advantage of the diverse skills and talents of one or more partners. ...
Important Financial Documents
This clip looks at the fundamental financial documents every company needs, including the balance sheet, income statement and statement of cash flow.
Buying a Firm: Due Diligence
This clip explains that, while purchasing a business can be a great opportunity, there may be problems lurking beneath the surface. For any prospective buyer, it's a good idea to do a thorough analysis of the company's financial and legal records, i...