Starting a new business is so exciting especially if you’re pursuing a field that you are really passionate about. At the same time, starting a new business can also feel overwhelming and confusing. New business owners often don’t know where to start first. While this report is not about giving you step-by-step instructions on what you should do first and in which order, this report will quickly tell you some of the top mistakes new business owners often make when starting their own business.
Unsure about “which” Business Structure to establish – I advise all of my “soon-to-become” business owners to do their homework on the advantages and disadvantages of all the business structures to determine which is more suitable for their needs. A new business owner can establish a Sole Proprietorship or partner with someone and start a Partnership which are both “unincorporated” businesses. Then there’s an LLC which is also unincorporated, however, because of the “limited liability,” an owner still reaps the perks similar to Corporations. And lastly there are Corporations which a business can either be a C Corp or an S Corp.
Find out the other 4 mistakes by requesting your free report now. khardge@hardgeconnections.com
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