Business success
To be succesful in business you will have to take risk. When doing business, you will be exposed to all sorts of possible legal pitfalls and you will have to comply with a wide range of legislation.
Corporate structure
There are four basic types of business entities: sole-proprietorships, partnerships, corporations, and limited liability companies, each with its own advantages and disadvantages. Consider these factors when choosing which is right for your business: Tax aspects, legal requirements and the potential for personal liability. Dawsons can advise you on these issues.
- Sole-Proprietorship: a sole-proprietorship is a business that is owned by a single individual (or by a husband and wife) that is not a corporation or a limited liability company.
- Partnership: a partnership is a business that is owned by more than one individual (not a husband and wife) that is not a corporation or limited liability company.
- Corporation: a corporation can be owned by one or more individuals.
- Limited Liability Company (LLC): The basic structure of an LLC is that it combines the management aspects of a partnership with the liability advantage of a corporation. This makes it a very desirable structure for a business.
Other issues
Besides the choice on the corporate structure Dawsons can help you with finding the right legal structure for your company once your business starts growing. Examples of these decisions are:
- Franchise or agents
- Subsidiary versus branch
Dawsons can even help you to obtain protection such as trade marks for your business logos and name.
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