EducationQ&A

Why is it important for new businesses to find outside support?

All businesses, regardless of size or legal structure, need outside support. This means retaining the services of an accountant, lawyer, and financial advisor – maybe even a business coach. These professionals can best advise you on how to minimize your exposure and liabilities. The type of business entity you form determines if you can be held personally liable for any of the business’s doings.

Business ownership can be wildly rewarding and painfully stressful at the same time. If you take the time to do your homework and learn from other people’s experiences, you should be able to reap many of the benefits of owning and growing a company without the head- and heartache of trial and error.

   —Your Personal Business Trainer

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Julia Schroeder

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