There are many decisions to make and tasks to complete when you start your own business. From dreaming up your long term goals to making your first official sale, there are many fine details in between. You’ll need to create a business plan, choose a business entity, and make sure you adhere to the legal and regulatory requirements associated with your new responsibilities….
How to Structure Your Business
When you’re ready to make the important transition from self-employed entrepreneur to a full-fledged business owner, it’s crucial that you choose a business structure that serves you and your business goals. There are four main types of business structures to choose from, including a sole proprietorship, partnership, limited liability company (LLC), and corporation. Each business structure offers its own set of benefits and limitations, but choosing one will allow you to assign a blueprint to your new venture….