When starting out in the daycare industry, it is important that you quickly become highly efficient and organized in the day_to_day running of your business. One way of keeping control is by having systems for managing the large amount of paperwork that naturally comes with most kinds of business.
For small businesses, the best choices are sole proprietorship or partnership. Partnership is chosen if more people are involved in the business. These structures make a good sense in the business when personal liability is not a big concern, for instance _ a small service business where you are not likely to be sued & for which you would not be borrowing much amount of money. The sole proprietorship and partnership both are comparatively easy & inexpensive to set up & maintain.