If you decide to go into business for yourself, you’ll eventually want to form a legal business entity. A common type of entity structure for startups and small businesses is the Limited Liability Company or LLC. LLCs are established at the state level and are generally easy to form and don’t have as many requirements as Corporations.

Once your business is on track to “go live” and commence business operations, you’ll need to find a good bank and open a business bank account. To start off, you’ll probably only need one business bank account - typically, a business checking account but as the business needs and requirements change, opening additional accounts may be warranted.

As you get started with your new business, there may come a time when you will need to seek professional counsel from a good business law firm and/or CPA firm. Even if your circumstances may not warrant professional counsel at the onset of your new business, you may eventually need to seek counsel as your business grows.

Now that you’re ready and committed to starting a business, you need to put together a game plan. There are a lot of moving parts when it comes to starting a business so it’s important to be organized, detail-oriented and have all your ducks lined up. You’ll first want to take a “view from 10,000 feet” and then drill-down into the specific details.

So why do you want to start your own business? Time for a REALITY CHECK!

Part of starting, owning and running a business is LEARNING and rest assured, there will be a lot of learning! Look, you’re not going to know everything on day one.

So, you’ve reached a point in your life and career where you want to take a leap outside of your comfort zone and are considering starting your own business.