Business Organization BUS 311 Business Law I Business Organization There are sever
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Business Organization BUS 311 Business Law I Business Organization There are several business entity structures to choose from, such as Sole proprietorship, Partnership, Limited liability company (LLC), and Corporations. I actually do have my own small business and it is a LLC. When I was deciding to start my business the wholesaler leaves it up to the retailer to choose what entity we decided we wanted to open our business under, however they do suggest the LLC. With the LLC it lets you have a partner or partners and the retailers are not personally liable. The wholesalers take care of tracking the taxes and at the end of the year they send us our statement of how much taxes we paid and total of what we made so we have all the paperwork to give to our accountants. (Rogers, 2012). Sole proprietorship is the easiest and least expensive business entity structure to start. This ent
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