Here's a simple 3-Step approach:
- Start off small.
- Keep your business running costs low, and ...
- Think twice before making your company structure more complex, until you have proven your web business is a practical proposition.
Choosing Your Legal And Tax Advisors
Most often, if you're in business, usually, the better approach is to incorporate. However, discuss the options available with legal and tax experts in your country, find a smart lawyer and accountant, but ultimately, choose the structure that you prefer.
For a small business starting up in the USA, a popular option is to form a Limited Liability Company (LLC) or Sub S Corporation (rather than a C Corporation).
Whatever you do, when starting out, don't forget the Number 1 rule: keep your company structure as simple and as low-cost as possible, so that you can better concentrate on one of your most important activities: making sales.
Why Together Everyone Achieves More
Feelings of isolation can become a problem for web business providers. Therefore, I suggest that you regularly remind yourself that you need not feel alone.
Even though you may have established a one- or two-person business, if you're smart, you'll involve several other parties in your business affairs. At various times, you may involve outside specialists such as accountants, lawyer, advisors, web designers, mentors, and so on. Even your favorite pet can become your firm's mascot.