We know that it is always be a challenging job to run a new business venture in a competitive industry such as the fashion industry offering in men’s clothes

We know that it is always be a challenging job to run a new business venture in a competitive industry such as the fashion industry offering in men’s clothes. This requires an elaborate and strategic structure in the business that take the operation of the business venture to be established. Enterprise success of the business will be guarantee when the structure of the business will show a clear line of operations of the business. . The prospective of small business investor must have to undertake an analysis of the fashion industries to determine whether there is a business opportunity in the sale of men’s clothing. This will enable him to make a wise business decision, which will guarantee success in his venture. It is essential for John to select a business structure that will determine how his business will be formed and organisation (Burns, 2016). He must choose between four common business structures which include a sole proprietorship, a partnership, a limited liability company (LLC) or a corporation. With these options, John must understand that the different types of business structures have some factors that must be considered before selecting. For example, he must understand than the criteria for choosing the business structure depends on the need of the investment, and the liabilities types and risks in each business structure, the tax of the incomes and the business expenses and procedures that accompany the different business structure to be establish and make them running. It’s more important to breakdown each of them in the different business structures.

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