In general, the most common forms of carrying on a business are:
a) sole proprietorship;
c) co-ownership; or,
Other forms of carrying on business are: limited partnerships, franchises, licences, joint ventures and not for profit entities. Each of these forms of carrying on business have advantages and disadvantages. We can assist you in choosing the most appropriate form based on your specific goals and needs. In choosing the most appropriate form the most common considerations include:
a) any licencing and/or registration requirements;
b) number of individuals that will be involved;
c) the relationship among the individuals that will be involved;
d) the liability to be assumed by the individuals involved;
e) whether funds will be required;
f) whether there will be employees;
h) whether a flexible structure is required; and,
i) the start-up and administration costs of the various forms.
Whatever form of business that you decide to engage in we can assist you with the registrations (i.e. master licence, articles of incorporation), documents (i.e. corporate books, resolutions), contracts (i.e. confidentiality, non-compete) and agreements (i.e. shareholder, partnership) that you will require to make your business successful.