C: Choose a Business Structure
Importance
Selecting the right legal structure is vital for legal and tax purposes.
I am not a tax professional or financial advisor. Please consult with a tax and financial professional for accurate advice ‼️
- THE REAL DEAL INFO (SOURCE LINKS PROVIDED)
Steps
- Decide whether to operate as a sole proprietorship, partnership, LLC, or corporation.
- Register your business and obtain necessary licenses and permits.
- Keep up with ALL documentation as much as possible (dot your i’s and cross your t’s)
‼️ Best Practices ‼️
- Consult with a business lawyer to ensure compliance.
- Consider using accounting software to manage finances.
- Get access to our excel spreadsheet here that helps us operate smoothly:
💎: Structure is very important, please take this seriously and seek the proper advice.