Legal Structure

     This week we learned about the legal structure of running an online business.  This structure is one that is vital to understand if any specific business, small or big, physical, or online, needs to understand if they plan on being successful.  As I have continued to create my own online business as a sole proprietorship, I have been learning about the benefits and cons of this structure. 

One of the biggest benefits that I have noticed is that I can make the decisions myself without the need of anyone else.  However, the issue with this is, the responsibility of running a transparent and tax system obedient business rests squarely on my shoulders.  If there was ever any issue to arise, I would be the one to blame.  However, on the flipside since I would be in charge, I would be able to ensure that anything along those lines would never happen.  I look forward to learning more about what I can do to make sure my business is fully developed in every way, shape, or form.

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