6.3 The Legal Form of a Small Business


The primary decision that the entrepreneur will have to craft is how the company must be planned. This decision will have long-standing repercussions.
In putting together a selection, the entrepreneur should take into account the following:
The magnitude and extent of business
The intensity of control
The level of organisational structure
Tax repercussion of the different ownership
Expected revenues from the business
Need to plough income into the business