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So
You Want To Go Into Business |
Each person who intends to go into business must decide
on the legal
structure best suited to his or her needs. The legal structure
of a commercial enterprise defines the legal relationships
within the enterprise as well as its relationship to its
environment. In choosing the best structure, you should
consider your personality, the purpose of the enterprise,
its size and tax, management and statutory requirements
for the several types of commercial enterprises there
are.
There are two basic structures to choose between:
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A Company - a commercial enterprise
registered or incorporated under the Companies Act. (A company can be either be Non Profit (Charity, Club, NGO etc) or Profit Generating) |
• |
A Business - a sole trader or partnership registered
under the
Business Names Act. |
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