Monday, October 27, 2008

Which Business Structure is Right for You?

Are you still in the planning stages of your concessions business? If so, have you thought about what type of business structure is the most advantageous for you? I would encourage you to visit the Small Business Administration website to review the different business structure options that are available.

The SBA website does a nice job of outlining each classification (Sole Proprietorship, Partnerships, LLCs, etc.). It discusses the pros and cons of each fairly in depth. Again, as you are planning your business, I would encourage you to start researching each of these business types so that you can choose the best for your situation. If you are an existing concessionaire, but contemplating a change in the ownership structure of your company, I believe you will find this information equally helpful for your situation too.

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