W06 Legal Structure
There was a lot more that goes into the legal structure than I thought. I knew there was a lot of legal things, but I figured with such a small business there wouldn't be as much. It was interesting learning about the legal structures, I thought I would like an LLC best but after some research and discussion I will probably go with a sole proprietorship. It seems a lot simpler especially for such a small business. I didn't realize that I would need a lawyers help for an LLC so that was a bug part of my decision. Plus I think I can change it in the future if my business gets bigger, or just transition to a more comparable legal structure. I still don't understand licensing really, or if I need any. I didn't know I need to register with the state government though so that was goo to learn.