Hi, you are listening to daily business tip podcast brought to you by coach305 In yesterday podcast we talked about one of the set-up point or step naming your business In today podcast we will talk about another step. One important aspect of starting your business is determining how you will collect your payments for your services provided. There are several options that are available to you in terms of legal structure.

Sole Proprietorship and Limited Liability Company partnership

When setting up your business, it is important to determine the legal structure that will best fit you and your business’ needs. There are five legal structures that business can use: sole proprietor, limited liability company, partnership, corporation