Question

In: Operations Management

Assume you are starting your own business as a sole proprietorship. What are some of the...

Assume you are starting your own business as a sole proprietorship. What are some of the legal requirements you would be interested in researching? Obviously, there are many areas of interest to a business person including personnel, taxation, insurance, liability, and filing requirements.

Solutions

Expert Solution

  1. Forms of Organization and Registration
    1. Registering a Business
    2. General Partnership
    3. Limited Liability Partnership
    4. Limited Partnership
    5. Limited Liability Company Corporations
    6. S Corporations
    7. Business Entities types
  2. Acquisitions
  3. Franchise Disclosure
  4. Licenses, Registration, Permits and Assistance
  5. Taxes
    1. Income Tax
    2. Sales Taxes
    3. Sales Tax Exemptions
    4. Property Taxes
    5. Withholding Taxes
    6. Federal Employer Identification Number (FEIN)
  6. Immigration Reform and Control
  7. Wage Withholding for Child Support
  8. Unemployment Insurance
  9. Workers' Compensation
  10. Poster That Must Be Displayed and Other Labor Requirements
  11. Occupational Safety and Health
  12. Business Services
    1. Obtaining Legal Counsel
    2. Insurance Coverage
    3. Bookkeeping
    4. Accounting
    5. Business/Trade/Professional Associations and Chambers of Commerce

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