Sol proprietorship
Registration: $36
Advantage:
Disadvantage
unlimited liability
lack of continuity
Divided authority
اDifficulty raising additional capital
Hard to find suitable partners
Possible development of conflict between partners
Partnership
Advantage:
Registration: $43
Disadvantages
lack of continuity
Divided authority
Difficulty raising additional capital
Hard to find suitable partners
Possible development of conflict between partners
Company
Incorporate
Registration fees: $400 to $2000
:Advantage
limited liability
specialized management
ownership is transferable
continuous existence
separate legal entity
possible tax advantage
easier to raise capital
:Disadvantages
closely regulated
most expensive form to organize
extensive record keeping necessary
double taxation of dividends
possible development of conflict between shareholders and executives