Checklist Before Venturing Out For A New Business
By
siliconindia | Tuesday, 13 January 2015, 13:15 Hrs
# Be aware of the business structure
Check in which category your business falls in, as there are several categories in manner of ownership. Your business structure legally affects how you file your taxes and also the personal liabilities if something goes wrong.
If you want to handle the business solely, you can register for a sole proprietorship, if it is in a partnership involving two or more people or a company that will have multiple employees should file as a corporation and every category have their own benefits and procedures to follow.
READ MORE: Avoid These Advisors While Launching Your Own Startup

