Reflection: Legal Structure

It was important to learn this week the legal structure to revolve the business around. If the business is not registered to be a business legally, then the government can possibly shut the business down until the proper paper work is filled out. I wanted to make sure that my business was either a sole proprietorship  or a Limited Liability Company. The reasons would be because the sole proprietorship was the easiest to create and one of the most common legal structures. The Limited Liability Company would make it so that if your business made a really big mistake and had to pay a substantial amount of money to someone, the money could only be taken out of the business and not from your own personal funds. I would want that kind of security for my business just incase I got sued for anything.