Becoming a business owner is a big step. Here is one prerequisite before you get started. As a new business owner, you need to set up your business entity. You are now likely an independent contractor. Most new independent contractors start as an LLC; however, it’s best to contact your accountant or attorney before you start.
Watch this video to receive free legal advice from Attorney Dave Soble to know what to do! Attorney David Soble of Proven Resources, PLC, educates business owners on business entity structure, tax implications, and the difference between a sole proprietorship, an LLC, partnership, and corporation. He also discusses the importance of an attorney, business liability, and what to do in the event of a lawsuit. Go to dbhg.org/membership for more information about how DBHG can jump start your business!