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What Are The Legal Concerns In Starting Your Own Business And In The Actual Operation? |
Hi!
I'd only just like to ask, what type of business do you guys operate? Have you had any legal concerns or problems in starting your own business? How about during the existing operation?
Thanks!
| Answer: I've worked for and started numerous businesses. The right side is always an important aspect both at the start and during operations. At the start: You need to decide what sort of company you want to be for instance: ltd, ltd partnership, partnership etc. That will set a frame on your company. For as it happens a ltd company is a legal entity on its own. Moreover if you are going to sell things you might require licenses depending on where and what you grass on. Same applies for services (Again depending on what it is that you want to do). If you are going to do some exporting/importing you will be enmeshed with with taxes on imports or exports. |
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