Before starting out, make sure your business follows all applicable laws. Taking care of the legal issues associated with starting a new business will keep you on solid ground and allow you to focus on creating a thriving enterprise.........
It's important that your business be on the "up-and-up" right from the start. Taking care of the legal issues associated with starting a new business will keep you out of hot water in the future. Here are the first steps you need to take:
1. Decide on a Form of Business
The easiest business entity to set up is a sole proprietorship. The Federal government recognizes you as a sole proprietorship when you file your individual income taxes in April.
As a sole proprietor you control the business entirely. You are, in effect,
lawfully viewed as one and the same with your business. All assets and profits belong solely to you. You are also personally liable for all debts and legal actions brought against your company.......................
ranjith..................026
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