60 Small Business Ideas for Anyone Who Wants to Run Their Own Business

Some businesses simply aren’t suited to be based from home. If you want to run a dog boarding center but live in an apartment without a backyard, you might want to consider a dog walking business instead. Sean Flannigan, Sendle’s Content Manager, says, “While many small businesses might be best served by choosing an LLC or sole proprietorship, there are a few other options.”

  • In particular, contractual and relational governance can help mitigate opportunism as well as support communication and information sharing.
  • The proprietor is personally taxed on all income from the business.
  • A business structure does not allow for corporate tax rates.

Besides an LLC or sole proprietorship, there are a few other options for you to consider. Can you get your business off the ground as something you do in the evenings or on the weekends (a.k.a. a side job)? This allows you to make some mistakes, test …

Read More