Jan 7, 2021
The last sidebar we left off with was where I provided you with a pretty good definition of what a startup is. Now, what do you need to do in order to actually start your business on the right legal foot?
Well, you have options. You actually need to incorporate your business. Why incorporate your business? It's a good question. People pay thousands of dollars, go to attorneys for this exact same advice. I'm offering this advice to you today because I love helping entrepreneurs.
I love helping people get their dream started. Don't just sit there and dream about it. Actually, do it. Let's put a plan in place so you can become successful at what you are doing, which is, you're going to start a business. So what legal entity should you be? That's a very good question.
Why should incorporate it? When choosing the business entity, you should consider the following.
Keep in mind, before you go down this road, you have to have some sort of plan. I doubt that you go on vacation without a plan, right? You probably spend months and months working with a travel agent to secure the right lodging, to secure the right attractions, to secure the right tickets.
Well, the same thing with your business. This business is going to be your baby. You don't just start it and leave it in the middle of the road and hope and pray that it doesn't get hit. So you have to have some sort of plan. You have to have a business plan. I know business plans might have a bad rap, but I've actually got the perfect business plan for you.
It's on the website GoLegalYourself.com and you can purchase the business plan right there and start using it today. If you do not have a business plan, at least start one. Start getting your thoughts on paper because when you see them, they become real.
So on our next. Sidebar, I'll be going into some of the most common legal entities that are out there. And eventually which one would be the right one for you. I look forward to chatting with you soon.
P.S. If you already haven’t, get your FREE copy of my eBook Go Legal Yourself when you get my Go Legal Yourself app from your Apple App Store or Android App Store. Also available now is my latest book “Go Own Yourself” which is available on Amazon from this link.
Kelly Bagla, Esq.
Go Legal Yourself
One of the Top 20 Business Law Podcasts to listen to.
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