Support Systems
This clip focuses on the importance of having a strong support system of family and friends during the stressful early years of a new business.
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. ...
Setting Up a Business: Legal Options
The clip looks at how to legally set up a new business, and presents three of the most common approaches: proprietorships, partnerships, and corporations.
Goals, Plans and Strategies
This clip talks about the importance of creating a business plan that clearly and realistically outlines goals and strategies for a new company.
Corporations
This clip examines the corporation as a form of legal organization. The major advantage of the corporation is that it insulates the business owner from liability. It also offers tax flexibility, and allows employees to participate in various types o...