6 Common Business Startup Fumbles And How To Avoid Them

NELLIE AKALP | December 9, 2018

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Businesses of all types and in all industries face challenges as startups. While some obstacles are out of a business owner’s control, others are avoidable. Let’s discuss some of the most common “fumbles” startups face and how to tackle them before they set back your end game. Whether sole proprietor, limited liability company (LLC), or corporation, the structure you choose for your business will affect you from a legal perspective, financially, and in many other ways. Selecting the one that’s not a good match for your company could put your personal assets at risk, result in you paying higher tax rates, or create other disadvantages. Carefully review your options before deciding on your business structure. I recommend enlisting the guidance of an attorney, accountant, tax advisor, and/or other qualified professionals to ensure you understand the pros and cons of each business entity type.

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