Legal Structures: Types of Business Entities (Enhanced DVD)
Starting a business does not necessarily have to be complicated, as this video proves. One important aspect of creating an enterprise is to ensure that it is done legally. This task involves means finding the business category that best suits the needs of the proposed company. In this video, the producers explain the legal entities that most entrepreneurs need to know. Viewers also learn the different benefits the various business types offer.
To ensure that the audience understands the information, the DVD employs real world examples of people who have started a business. This video is not merely theoretical. Instead, it teaches what could be somewhat complex in a practical manner, ensuring the material is comprehensible.
Anyone planning to enter the world of business ownership will find this video beneficial. For example, viewers learn about sole traderships. These single-person companies allow an individual to enjoy all the profits accrued from their hard work. Yet, as shown here, these owners must also be aware that they hold the ultimate responsibility for any debts accumulated.
There is an accompanying worksheet available online to help the budding business mogul decide which kind of company to create.