An Introduction To Business Organization

What business forms are available to me?

The most common forms of small business in Manitoba are a sole proprietorship, a partnership, and a corporation. Whether you are just starting out or looking to enhance your existing business model, you should give careful thought to the legal form your business takes.

Sound legal advice can guide you around the potential traps and pitfalls facing entrepreneurs, allowing you to focus on building your business. This article is meant to provide some basic information on the three main business structures available to you, highlighting some of the advantages and disadvantages of each business model.

What is a sole proprietorship?

A sole proprietorship is the simplest form of a business. A sole proprietorship is just you, and you alone carrying on a business. There is no legal distinction between the sole proprietor and the business.