Worksheet 3.1 – Choosing Your Best Business Type These questions may help you to decide what type of business is the best for you. I want the simplest way to register my businesses. Yes No I want the easiest way to run my business. Yes No I want complete control of my business. Yes No I want to spend less than $100 to register my business. Yes No Using the words “Inc.” or “Ltd.” in my business name is not important to me. Yes No I want to protect my personal stuff. Yes No I want to be able to get more money for my business in the future. Yes No My customers need to see my business as a stable one. Yes No The products or things I do at my business might harm customers. Yes No I am able to pay lawyers and bookkeepers to help me with my business. Yes No Add up the “Yes” answers in questions 1 to 5. Then add up the “Yes” answers in questions 6 to 10. Which part has the most “Yes” answers. If it is questions 1 to 5 then sole proprietorship or partnership may be best for your business. If there are more “Yes” answeres in questions 6 to 10, then a corporation is better. If the totals are equal, then you should talk with your Business Service or Development Officer before choosing.
Worksheet 3.1 – Choosing Your Best Business Type These questions may help you to decide what type of business is the best for you. I want the simplest way to register my businesses. Yes No I want the easiest way to run my business. Yes No I want complete control of my business. Yes No I want to spend less than $100 to register my business. Yes No Using the words “Inc.” or “Ltd.” in my business name is not important to me. Yes No I want to protect my personal stuff. Yes No I want to be able to get more money for my business in the future. Yes No My customers need to see my business as a stable one. Yes No The products or things I do at my business might harm customers. Yes No I am able to pay lawyers and bookkeepers to help me with my business. Yes No Add up the “Yes” answers in questions 1 to 5. Then add up the “Yes” answers in questions 6 to 10. Which part has the most “Yes” answers. If it is questions 1 to 5 then sole proprietorship or partnership may be best for your business. If there are more “Yes” answeres in questions 6 to 10, then a corporation is better. If the totals are equal, then you should talk with your Business Service or Development Officer before choosing.
Getting-Started-Workbook-Template_2.docx