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.
Other Structures. While most companies use a variation of the functional structure, it's up to you to figure out which structure best fits your company. You can also mix and match the best parts of each to create a customized structure.