Forms of Business
When you decide to start a business · Decide on a Legal Structure for Your Business · Decide how you would like the business to be taxed. · Choose a Business Name · Register your business name · Find a Business Location · Obtain Necessary Licenses and Permits The most common forms of business are- The Unit Trader/ The Sole Trader Partnership Company-(Public And Private) Co-Operatives Franchise Multinationals Conglomerates NGOs State owned. The Unit Trader/ The Sole trader Sole trader also known as the sole proprietor is a single owner who pays personal income tax on profits earned from the business. Examples of this type of business are grocery shop, barbershop, garage, bar, cook shop. The advantages and disadvant...