One thing that I must determine is my business legal structure. Starting my business off, I will mostly be a sole proprietorship. I am going to be the only person doing the pedicures and manicures, so unless my business expands there is no reason to bring anyone else in to the ownership. If my business does well I receive all the profits. The negative of this, is that if the same business does poorly, i will suffer all of the losses. Sole proprietorships are easy to start, it is relatively inexpensive and does not require the paperwork a lot of other partnerships and corporations would.
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