Published November 9th, 2007
The term "business model" is a bit tricky, since it encompasses such a broad range of terms. The phrase applies to the type of business you are in, its location, the person who in the end makes the major decisions, as well as the division of labor within the business and which functions will be outsourced. In other words, there are many factors which will determine the business model that you choose.
Because of the multitude of available business models, it can be hard to decide on the one that will work best for you. In this article, we’ll take... Read more
Tags: advice, business model, business plan, Leeia Ladpoh, small business, Starting a Business, startups, tips
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General Corporation
A general corporation, also known as a "C" corporation, is the most common corporate structure. A general corporation may have an unlimited number of stockholders. Consequently, it is usually chosen by those companies planning to have more than 30 stockholders or large public stock offerings. Since a corporation is a separate legal entity, a stockholder’s personal liability is usually limited to the amount of investment in the corporation and no more.
Subchapter S Corporation
A Subchapter S Corporation is a general corporation that has elected a special tax status with the IRS after the corporation has been formed.... Read more
Tags: business model, business plan, business structure, corporation, LLC, Starting a Business
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