Starting a new business can be exciting but frustrating. You'll be swamped with myriad tasks as you begin a life of entrepreneurship. In order to be successful, you should follow some basic steps to help keep you on track and safeguard your business. Neglecting certain requirements can lead to major financial and legal problems.
Choosing a structure for your business can be challenging. The entity you choose will dictate things like tax treatment and bookkeeping for years to come. Below is a brief description of various entity options; however, it is always best to contact an attorney for advice.