Week 6
My father has several businesses and they are anonymous society companies , he wants his children to also have their own business and he mentioned to us that we should lean towards the same type of legal structure instead of sole proprietorship, but I had no idea what he was referring to until this week to I did investigate about it. I was able to better understand his old conversations with us, but for the business that I am doing with my sister, the legal structure that best suits us is a sole proprietorship. It is cheaper to obtain company registration and licenses. I was a bit scared because of the disadvantages of doing it this way but with the advice of a couple of my classmates and the teacher I was able to gain more confidence and put my fears to rest. We will make a contract with my sister specifying the work of each one, we will also have contracts to transfer copyright to clients who give us testimonials and photos for our page, and we will hire a good ...