So, you’ve decided to start a business. It’s an exciting idea. Owning your own business provides an opportunity to escape the rat race, to work how you want to work, and to reap the rewards of your own labor. However, there are some potential pitfalls and obstacles to consider as well.
Starting a new company, but failing to follow proper legal procedures, could end up harming your new business before it even gets off the ground, and the mistakes could put your personal assets at risk.
Three major considerations before embarking down the new business path include: Choosing the right business structure, protecting your assets, and checking for regulations.