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Your business structure may structure your success--choose wisely

Owning your own Arizona business may be a long-held dream of yours, but taking this step is much more involved than simply buying a storefront and opening your doors. There are many things you would be wise to handle before you launch, and one of these matters is choosing the right legal structure for your business.

Get it in writing when things are going well

There is always a honeymoon period in every relationship, whether it's personal or professional. During this time, everyone gets along and makes compromises. This may work in the short term, but as a businessperson, you probably don't want to take chances with the future of your company.

Considerations when drafting employment contracts

As a business owner, you may hire individuals that provide significant value to your company. Because of their skill sets and demand in the market, those individuals may want certain assurances from your company regarding benefits, salaries and bonuses. In addition, they may want some security regarding their employment.

Thinking about starting a business: Why not take the plunge?

You get up early and drive to work. Like many, your commute may be an hour or more in the worst traffic. Maybe you work long hours at a job you are growing to hate more each day. You are good at your job, but your boss gets the glory, and you get a mediocre paycheck.

The choices you make today affect your business's future

When starting a business, the choices that you make have tremendous impact on its future. The first major choice you will need to make concerns the type of entity that you will form. Like others who form small businesses, a limited liability company remains a popular choice.

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