Ownership Structures: Selecting the best property is the most important decision one must make regarding their business. It is defined by the distribution of equity in votes and capital. Based on ownership, the most common ways of organizing a business are  Partnership: Also known as a general partnership. It starts when you start a business with another person. Both partners may not really understand that they are in partnership. Sole proprietorship: It is mainly known as a sole proprietorship because it is not created by filing important documents for a private limited company . One can easily set up a sole proprietorship by going into business on their own. Limited partnership: Due to its costly and complicated nature to set up, limited partnership is not very popular in the recent world. It is usually created by a single person, also called a general partner. He is responsible for controlling the daily activities of the limited partnership. On the other hand, sponsors have very little control over daily events. Company: Creation of a...