Starting & Running a Business All-in-One For Dummies, 4th Edition (UK)

Chapter 2

Arranging the Foundations

IN THIS CHAPTER

Finding the right legal structure for your business

Protecting the crown jewels: your business assets

Making working from home work for you

The simplest structure when you’re starting out is to make all the business decisions yourself and take all the risk personally. It may feel great doing everything your way, at last, after the frustrations of working for someone else. But you don’t have to shoulder all the responsibilities when you start a business, though most people initially do so. It can be lonely or even scary having no one with whom you can talk over the day-to-day problems and share the responsibility of decision making.

If your business requires substantial investment, or involves other people who have a more or less equal hand in the venture alongside you, then your decision about the legal structure of the business is a little more complicated.

In this chapter, you can find all the important factors to consider when deciding on the legal structure for your business. I also explore other areas of interest, from intellectual property to deciding whether working from home, by far the least expensive and most popular ...