Here is a list of a few of these things that are mistakes to avoid when setting up your new business.
Here is a list of a few of these things that are mistakes to avoid when setting up your new business.
The idea of starting up a new business usually comes from both a frustration for working for someone else and a desire to follow your dreams and build something you cannot get off your mind. But transitioning from worker to employer is quite a leap. You have to remake yourself from someone who has typical job responsibilities that start and end when you get to the job, to someone who is always working whether it is during office hours or late and on weekends and holidays. You also have to constantly be concerned with bills and salaries getting paid, taxes…
When you are looking to start a new business there are many important things to consider but none more important than deciding on the type of legal business structure to utilize for your company. Each business structure creates a legal entity around the type of business you would like to conduct. They vary from the very simple sole proprietorship to the more complicated S Corporation and in between there are options created more recently like an LLC that gives great flexibility and protection for small businesses. The key is to find the one that perfectly accommodates what your business needs.…