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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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4-3 Short Paper Which Legal Structure Is Right for You

4-3 Short Paper Which Legal Structure Is Right for You

Q Instructions Think about the various forms of business legal structure you have studied. Consider and weigh in your mind the advantages and disadvantages presented. Which legal structure seems better suited to certain of your venture ideas? Which forms of structure seem to make sense for you, your personality, and the kinds of businesses you might consider running? Are there clear advantages and downsides to starting a business using this structure? For additional details, please refer to the Short Paper Rubric document.

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The legal structure of sole proprietorship seems better suited to my venture ideas. My new business is about selling of products like masks and sanitizers for protecting people from COVID-19. The operations will be done by formation of a small business enterprise. The new business will be run by a single individual. When a business is run by a single individual, it is better to operate as a sole proprietorship (Cappellino, 2020). There can be discretion and autonomy utilized by me to make decisions for my new business. There are no complications in legalizing a business to be run as a sole proprietorship (Cappellino, 2020).