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.
A company's organizational structure is usually tall, mid-sized or relatively flat. Many small companies use a flatter organizational structure because of a lack of manpower. For example, a new management consulting firm will typically employee senior management employees in marketing, finance and sales before hiring lower level employees.