Before a business can operate with confidence, its legal and financial structure needs to be settled. This includes selecting an appropriate business structure, registering the business with the relevant authorities, and separating personal and business finances from the outset.
Many new owners delay these steps, treating them as administrative afterthoughts. In practice, an unclear legal or financial foundation tends to create complications later — in taxation, liability, and in your ability to secure financing.
This lesson walks through the essential steps to take in your first weeks of operation.
