Choose the legal structure for your organization. Selecting the appropriate legal form of your business is an important first step. You should examine the legal obligations of your business and the need to meet laws and government regulations. These may encourage you to adopt a legal structure that reduces your liability exposure. What are the processes and technology that you will need to create your product or service? Now is a good time to think about the processes and technology that your enterprise will require, including the structure of your work. What are the job tasks that will need to be accomplished? How much of each process will each person control? Will one person take the process from beginning to end? Will the tasks require special competencies? What will the “jobs” look like? What are your human resource needs? Who will do these jobs? Where will you find them? How many of each will you need? How will you make your organization design scalable? How will your design accommodate the growth you foresee in your enterprise?

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One of the first and most importent decisions business owners make is choosing the proper taype of b... View the full answer