chapter  3
22 Pages

Setting Up the Business

Whether it is a new or existing export-import business, its legal form, or structure, will determine how the business is to be conducted, its tax liability, and other important considerations. Each form of business orga­ nization has its own advantages and disadvantages, and the entrepreneur has to select the one that best fulfills the goals of the entrepreneur and the business (for questions to consider before starting a business, see Inter­ national Perspective 3.1).