Essay:

What are the steps in starting a small family business? ​


Sagot :

Answer:

According to the IRS, there are five business structures to choose from: Sole proprietorship. Partnership (general, limited, or limited liability partnerships) Limited Liability Company (single-member or multi-member LLC) Corporation.

Step 1: Define Your Business Idea. ...

Step 2: Determine the Role of Each Family Member. ...

Step 3: Set Out Guidelines for Running the Business. ...

Step 4: Talk About Risk. ...

Step 5: Decide on Workloads. ...

Step 6: Discuss Compensation and Ownership. ...

Step 7: Create Opportunities for Growth.

Answer:

THE FIRST STEP WAS MAKING A GOOD AND CLEAR PLANS,SECOND IS BEING PRODUCTIVE AND THIRD IS DOING IT ONCE AT A TIME.