Setting up your business with the appropriate company entity. Sole Proprietor, LLC, Partnership, S-Corp or C-Corp. This is very important based upon how you want to pay taxes on your business activities, asset protection and exit strategies for your business.
The organizational structure of a company is the basis or platform used to determine how information flows between the different levels of management based on how the information is coordinated and by whom.
The structure defines the hierarchy within a company or organization. Businesses of all sizes rely on it to keep the company operating efficiently and headed in the right direction. A successful organizational structure clearly defines the job of each employee and the place their job holds in the system. The structure is usually illustrated in the form of a chart or diagram.
Without a formal organizational structure in place, it can prove difficult and confusing for an organization. An example would be when employees are not certain who their immediate supervisor is. It can also lead to confusion about who is responsible for each job in the organization.
An organizational structure within a company supports and promotes efficiency, inspires better production, and provides clarity for each employee at every level. In traditional organizations, the structure was a centralized leadership with an established chain of command. The military is a perfect example of a centralized structure within an organization.
There are also decentralized structures. The difference between the two is that in a centralized structure, the majority of the decision making and control of departments/divisions is through a top layer of management members. A decentralized structure promotes the distribution of power among the departments and division. This allows for different levels of independence.
Who are you and what do you like to do? Can we turn what you like to do into a profitable business? It has been said if you find what you like and turn it into a business you will never work again. Can we do that for you? The Business Profile Analysis will consist of a number of pointed questions design to draw the client out and find out like a dislike to truly find a line of business that is best for their personality.
Start with a small service
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