Choice and Justification of the Business Model
In this section, we explain the type of company we chose for Info360 and why it’s the best option. We also compare it with other business models to understand its advantages.
Chosen Business Model
After reviewing different options, we decided to go with a Limited Liability Company (LLC) because it’s ideal for small and medium-sized businesses like ours. This model allows us to work professionally, share responsibilities between partners, and protect our personal assets.
Main Features
Some key features of an LLC are:
- Partners are only liable for the money they invest — not their personal assets.
- It allows for multiple partners (in our case, 4 people), making it easier to divide tasks.
- The capital required is €15,000 — a manageable amount to start a business.
- It’s a flexible structure that can easily adapt to changes in the company.
- It is taxed under Corporate Tax, which allows for better tax optimization.
- It’s a very popular model for startups and digital businesses like ours.
Why We Chose This Model
We chose this model because we want to build a safe, well-organized company with a stable future. Since we focus on selling 360º tours and offering AI services for businesses, we need a formal structure that helps us grow and build trust with our clients.
Comparison with Other Models
We also considered becoming self-employed, but that would mean taking full personal responsibility — which is risky in case of financial issues. We looked at the Public Limited Company (PLC) as well, but it requires a minimum capital of €60,000, which is too much for us. That’s why we believe the LLC offers the best balance between safety, flexibility, and cost.