PU Legal Environment & Income Tax Returns Needed to Get Filed in A Business Essay

Why is the choice of the right legal form of organization so important? Which would you choose? In addition to the answer to this question, please discuss at least one thing that you didn’t know about legal forms of the organization prior to the readings for the week.

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This is a guide to the common forms of small business structure and can help in the choice of the proper structure for a particular situation.

• Choose a business structure. (n.d.). U.S. Small Business Administration.

The tax implications of owning or operating a small business are of critical importance. The IRS provides this guide to how common forms of organization afeect both the tax status of the business and also its owners.

• Business structures. (2019, Mar 22). Internal Revenue Service (IRS).

This is a guide to the questions raised by the frequently encountered choice of buying an existing business or franchised. Used with the other resources provided this can help in answering this fundamental question.

• Buy an existing business or franchise. (n.d.). U.S. Small Business Administration.