Deciding which business structure to adopt.

[TOZZIBLINKZ]

There is absolutely no doubting the fact that there are so many business structures in which an individual can possibly choose out of the many majorities of business structures to establish and also to implement based on his or her taste and preferences . To be more elaborate and explainative, some of the major business structures will include sole proprietorship, partnership, limited liability companies, public companies, and commercial corporations . Many majority of people intending to establish a business of their own usually choose to establish whether it's okay to ship business or a partnership business. This two categories of businesses is mostly seen in some areas of west Africa, to be more precise, African countries like Nigeria and Ghana are mostly filled with small scale business like partnership and sole proprietorship businesses.

To successfully decide a business structure that suits your taste and preferences you must efficiently and accurately conduct a feasibility study and research on what kind of business you would want to own and manage, and what ever choice you finalize it definitely should be in accordance to what you personally have as available funds to successfully and adequately bring the business idea you possibly have in mind in to existence and establishment . If you want to establish a large scale business organization, you would definitely need a large scale of audience and funds for facilitation, opposite of this is implied to establishing a small scale business .

 

[CALVINDOL]

The adoption of business structures totally depends on the business owners financial capacity and ability to actually bring a business into existence. Any kind of business at all can exist in any business structure whether as a sole proprietor or as a partnership or collaborative kind of business. A sole proprietorship business can exist in large-scale and also in small-scale but whatever the case may be the idea of actually establishing the business and large-scale and small-scale totally depends on what the individual has as his or her financial Capital in order to constantly and accurately bring the business into existence .

Business structures in Nigeria popularly exist as small-scale business organisation owned and control buy sole proprietors which are private individuals. All these individuals absolutely have one goal which is to satisfy the needs and wants of members of the public because it is only when they are able to conquer this then they will be able to make expected business profit and expected business income.