Business Entities There are four different types of business entities that you can choose for your company. Some of the factors to take into consideration are liability, taxation and ownership structure. The different major business structures will each have their advantages and disadvantages, depending on the needs of your business. Understanding the differences between the different business structures is essential to aligning the structure with your business needs. The most basic form

As part of the research triangle, Raleigh has a significant portion of its population that fits the target market. For the Farmery to succeed, it only needs to capture a small portion of the market share. This is especially true because the store has a small footprint, and has the flexibility to set up on vacant lots without the costs of either renting or developing fixed real estate. The

BUSINESS COMPANIES Business Companies: Business Entity Implications for ContractsSole ProprietorshipA sole proprietorship is defined as a business owned by one person. The advantages include whole ownership entitled only to the proprietor himself, low taxes, and rarer complications for launching (Treece, 2018). However, there are also pitfalls, such as less protection when under threat of legal cases, profit and losses are the only income, and seeking new businesses would be an

Business Ecosystem The concept of a "business ecosystem" sprung from the idea and eventual development of a business environment that is dependent on entities and organizations outside of the business' structure and systems. It is also inevitably linked with Internet and computer technologies (ICT), as information sharing is the core from which the business and its network of organizations/entities collaborate and work together (Iansiti and Levien, 2004, p. 3). From the

This is also important in trying to determine whether the studio will be able to sustain the initial costs until revenues will balance them) to external data such as market share, the total size of the market, the size of the competitors, external forces impacting the market, etc. Some of this data can be drawn from theoretical research, with much of the data being public and available for anybody. Business

However, liability is limited to the corporation and offers owners' limited personal liability, which is something that is not found in a sole proprietorship or partnership (Corporation: Definition, Formation, Maintenance, 2012). Furthermore, a corporation is also considered to be a stand-alone entity that has separate tax liabilities; as such, the corporation is responsible for paying corporate taxes on any of the profits the company makes, however, each employee is