Are you thinking about starting your own business but do not know where to start, Are you confused about the differences between a sole proprietorship, LLC and a corporation and which might be the best one for you and your business? Or perhaps you've already started your business but are not sure you made the right choice, set it up correctly, or are saving the maximum amount you can on taxes?
Making the right choice for your business, setting it up and maintaining it correctly can save you thousands on taxes while protecting your home and savings from lawsuits and creditors. But doing it incorrectly can cost you thousands. Uunfortunately, for the would-be entrepreneur, much of the information out there can be confusing, incomplete, and sometimes wrong.
In Be Your Own Boss: A Fast & Friendly Legal Guide to Starting Your Own Business, Chuck Roulet has demystified the often-confusing legal process of successfully launching and growing your business.
Using stories, humor, and case studies, Roulet discusses:
- The key differences between a sole proprietorship, partnership, LLC and corporation;
- What a liability shield is (and is not) and how to make sure you have it;
- How to determine the right choice for you and your business;
- The 7-step process for setting up your business and the exact order to do each step;
- Key considerations for funding your new business;
- How to properly maintain your business;
- How to structure your business to save on taxes;
If you are a budding entrepreneur, or even if you've been around the block, this book is an absolute must read.