Are Your Best Options?
One of the most important decisions you will
make when you set up a business will be choosing its legal form
of ownership. With tax laws changing and increased concerns over
business liability; you need to investigate the advantages and disadvantages
of the different ownership forms. Some may require the advice of
a specialist, such as an accountant or attorney. See the starting
your own business section of our website.
Here are some other facts you need to take
into consideration when operating your business.
It takes good planning
to determine what insurance is necessary to minimize your risk
and to protect your business. A sound insurance protection plan
for your business is as important as a good organizational plan.
Start with an organization
chart that shows the business functions and the delegation of
responsibilities. Write out job descriptions that define the
major responsibilities and task for each position.
Employees are individuals who perform
work that is subject to the control of an employer requiring
what, where, when and how something is done. There are a number
of procedures that you can use to select good employees.
Find this and more information in How To Start
and Operate A Successful Business By David E. Rye at the Small Business