Selecting a Business Structure

A startup question for business owners is deciding on the legal form of the business. Will the business be a simple sole proprietorship or will another form be used?

Selecting a business structure should be done based on aspects such as control, ease in business transfer, taxes, etc. The question should be answered with input from legal and tax advisors.

One possible structure is a “cooperative.” In this chat, held on Dec. 5th, Heidi Demars, Marketing Director, discusses cooperatives and how it fits with the goals of the BisMan Food Coop.

To learn more about cooperatives, check out: Basic Cooperative Principles from eXtension and Chose Your Business Structure from the Small Business Administration.

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