Organizing an Entrepreneurial Venture

  • Robert D. Hisrich
  • Veland Ramadani
Part of the Springer Texts in Business and Economics book series (STBE)


The major focus of this chapter is the legal form of the organization and the organizational structure of the new venture. The chapter begins with a discussion of the reasons for selecting one legal form over alternative forms. Then, the chapter focuses on the legal forms of business available in the United States. The chapter concludes with a discussion of Board of Advisors or a Board of Directors.


Legal forms Organizational Structure Sole proprietorship Partnership Corporation Non-profit organization Limited partner Board of Advisors Board of Directors Equity investors 


  1. Hisrich, D. R. (2004). Small business solutions: How to fix and prevent the 13 biggest problems that derail business. New York: McGraw-Hill.Google Scholar
  2. Hisrich, D. R., Peters, M., & Shepherd, D. (2017). Entrepreneurship (10th ed.). New York: McGraw-Hill.Google Scholar
  3. Hodge, K. A., & Carpenter, A. D. (2015). Too big for his britches. Journal of Case Studies, 33(1), 160–164.Google Scholar

Copyright information

© Springer International Publishing AG 2017

Authors and Affiliations

  • Robert D. Hisrich
    • 1
  • Veland Ramadani
    • 2
  1. 1.College of Business Administration Kent State UniversityKentUSA
  2. 2.Faculty of Business and EconomicsSouth-East European UniversityTetovoMacedonia

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