Do you want to go solo on your business or you want to have a partner? There are many types of business entity defined in the legal system of various countries. Getting legal advice from your lawyer and tax consultant is recommended with regards to deciding which structure you want your business to be. They can help you decide which structure is best for your business.
1. Single Proprietorship
Advantages – easy to put up; the owner makes all the decisions
Disadvantages – Too many things expected from the owner – time, attention, marketing
