CHAPTER 5

Structuring Your Business

Taxes, Insurance, and Protecting Yourself

I have already said that a Prince must lay solid foundations, since otherwise he will inevitably be destroyed.

— Niccolo Machiavelli, The Prince

This chapter outlines the specific steps required to create a business entity that enables you to engage with any person or organization. It also identifies the various types of insurances policies you should procure, the taxes you should be prepared to pay, and the infrastructure you should have in place. This chapter helps you structure your business quickly, so that you have an entity through which you can start soliciting business and billing almost immediately. Obtaining insurance and addressing the various other considerations ...

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