Forming a partnership
Did you ever think you might like to go into business for yourself?
What kind of business would you like to start?
Sometimes it helps to have a partner(s) to share the burdens of starting a business.
For this assignment, of the skills needed to start up your proposed business, which of the skills would YOU bring to the partnership?
What skills are still missing?
What skills would you need to look for in your partner(s)?
How would you go about finding a partner(s) to provide the skills, training, or knowledge that you still need?
In your submission, list the following:
Type of business
Personal skills needed
Personal skills YOU will provide
What skills are missing
What will you do to find a partner
(4 to 5 sentence)
Why do you think there are more sole proprietorships than corporations in the U.S.?
If a business owner plans to remain as a sole proprietor, what could he/she do to protect himself/herself from the threat of unlimited personal liability?
Do you think federal or state governments should do more to encourage sole proprietors to incorporate? Why, or why not?