Finally making your dreams a reality can be scary, even if it’s something you’ve wanted for as long as you can remember. For some, this dream involves finally gathering the courage, having the right strategies, and pulling together enough money to start their very own small business.
- Create the right legal structure.
- Pay taxes — if you must.
- Set aside self-employment taxes.
- Think hard about whether insurance is necessary.
- Make sure you get paid.