Proper business organization is important to ensure your business has structural cohesion as well as proper government recognition for tax purposes. Find Law, one of the web’s leading sources for free legal advice, explains “the form of a business organization creates specific legal consequences for matters as diverse as taxes, insurance, and management.” Choosing the right business organizational structure and properly incorporating that organization into a business plan is a vital component of business formation and continual managerial maintenance. Luckily, if you’re unfamiliar with business organization, you can learn the fundamentals in just a few steps.
Step 1: Read Quintessential Careers’ tutorial on business plans and business ownership structures. Learning the basic forms of business ownership provides you with vital background information on business organization and management. From this initial steppingstone, you can branch into more advanced learning areas.
Step 2: Learn how to implement basic organizational structures into slightly more advanced business plans by reading free online guides found at sites like BusinessTown.com. A proper business plan is vital to framing your organizational structure, giving the company transparency and stability.
Step 3: Study books on the subject to get professionally edited, scholarly information. “Business Organization and Finance: Legal and Economic Principles,” by William A. Klein, John C. Coffee Jr. will provide you with basic information on financial management and business organization (see Resources). “Business Organizations: Cases, Problems, and Case Studies,” by Gordon Smith and Cynthia A. Williams is a good legal primer to get you started on business organization laws (see Resources).
Step 4: Take a university course on business basics, making sure the course description indicates that business organization lessons will be taught. Such courses offer professional distinction as well as graded credit toward any business degrees you may be seeking. CollegeBoard.com explains that many general business degrees include education in business organization alongside a comprehensive study of the “buying, selling, and producing of goods.”
Following the above steps, proper business organization strategy should be relatively straightforward. While the process can be demystified using the aforementioned resources, it is never easy; choosing and implementing a business organizational structure takes a lot of hard work and dedication. However, after you’ve finished with this initial groundbreaking, things will become easier and more streamlined in the long-run.
Additional Resources:
Quintessential Careers, “Business Plan Tutorial: Tools to Help you Launch Your Own Business,” Quintessential Careers.
Business Town, “Small Business Planning: Developing a Business Plan,” Business Town.
William A. Klein, John C. Coffee Jr., Business Organization and Finance: Legal and Economic Principles, Foundation Press.
Gordon Smith and Cynthia A. Williams, Business Organizations: Cases, Problems, and Case Studies, Aspen Publishers.
Free Management Library, “Basic Guidelines for Reorganizing a Current Organization,” Free Management Library.
Reference Sources:
Find Law, “Legal Dictionary: Business Organization,” Find Law.
Find Law, “About Find Law: Company Background,” Find Law.
College Board, “Major: Business, General,” College Board.
