Settingupabusiness(创业)-法律英语Settingupabusiness(创业)Beforedecidingtostartorbuyabusiness,oneneedstodevelopsoundbusinessideas,performadequatemarketresearch,engageinnecessaryfinancialplanning,anddecideontheformofthebusiness
Thelatterentailsdecidingwhethertohavesoleownership,co-owners,ortoestablishacorporation
Itisimportanttodeterminewhetheramarketexistsforyourserviceorproduct,andhowbesttoaccessthismarket
Tradeassociations,localofficesofthefederalSmallBusinessAdministrations,prospectivefranchisers,aswellasbanksandprivatebusinessconsultantscanhelpwithfinancialplanning
Capitalfornewbusinessesgenerallyderivesfromcontributionsmadebyinvestors,loansfrombanksandfinancialinstitutions,andcapitalraisedfromotherindividualsandinstitutions
Capitalcanbeobtainedfromotherindividualsthroughlimitedpartnerships