So you and your long time friend feel ready and fired up to start a business? That’s great. But, what happens when one of you decides you no longer have time to manage it, or worse, want to back out entirely? And, just how much of your personal assets are you willing to risk in your startup? Before you leap into your business, check out this infographic by Payoff.com, which provides a breakdown of the various types of ownership structures, and your liability for each structure, to see which is the best fit for your startup plan.
After receiving a dual degree in magazine journalism and anthropology, Stephanie moved to Korea to teach English to elementary students for two years. During her time there, she started a website for salsa dancing in Korea, BusanSalsafied.com. She is currently an editorial assistant at AlleyWatch and is happy to back in New York at an exciting time for startups. She likes to document her experiences here: stephaniesantana.tumblr.com.