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What Factors Should an Entrepreneur Consider When Choosing a Form

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What factors should an entrepreneur consider when choosing a form of ownership?


Definitions:

Articles of Incorporation

Legal documents filed with a governmental body to legally document the creation of a corporation.

Bylaws

The set of rules and regulations that govern the internal management and structure of a corporation or organization.

Shareholder Agreement

A contract among a company's shareholders detailing the rights and obligations, often including aspects like voting rights and share sales.

MBCA

Stands for the Model Business Corporation Act, a model set of laws prepared by the Committee on Corporate Laws of the American Bar Association to guide states in the development of their corporate statutes.

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