For instance, if you received a TEACH Grant for your undergraduate program and then for your graduate program, you would have two service obligations, but your four years of teaching would fulfill both service obligations at once.
Choosing a Legal Structure for your Business. 1  Business Incorporation When beginning a business, you must decide what form of business entity to establish. Your form of business determines the amount of regulatory paperwork you have to file, your personal liability regarding investments into your business, and the taxes you have to pay.
Corporate Structure: Directors to Shareholders A typical corporation's structure consists of three main groups: directors, officers, and shareholders. The officers handle the day-to-day operations of the business, the directors oversee the affairs of the organization and protect the interests of the shareholders, while the shareholders are looking for a return on their investment.