Search
Write
Sign up
Sign in
Navigate the Legal Maze of Starting a Small Business with Advocate Nirvikar Singh advocate nirvikar singh · Follow 3 min read · 4 days ago
--
Small Business with Advocate Nirvikar Singh
If you’ve got a big idea, a burning passion, and a relentless drive to launch your own business, congratulations! But before diving headfirst into the exhilarating world of entrepreneurship, let’s pause and acknowledge the silent elephant in the room: the legal aspects. While legal jargon might make your eyes glaze over, understanding the basics is crucial for building a stable and successful small business. This blog by Nirvikar Singh Advocate is your legal guide, helping you navigate the common legal issues that can trip you up in the early stages of your journey. 1. Choosing the Right Business Structure This is the foundation upon which your entire business rests. Should you Membership be a sole proprietor, a partnership, a limited liability company (LLC), or a Free
corporation? Each structure offers distinct advantages and disadvantagesAccess the best member-only stories. regarding liability, taxes, and administrative Distraction-freecomplexity. reading. No ads. Carefully weigh Support independent authors. your options, considering factors like your financial Organize yourindustry, knowledge with lists and situation, Listen to audio narrations. highlights.
and growth plans. Consulting a business lawyer will help you make the Sign up to discover human stories that Tell your story. Find your audience. most informed decision. deepen your understanding of the world. 2. Business Licensing and Permits
Read offline. Join the Partner Program and earn for your writing.
Sign up for free Try for $5/month
Depending on your location, industry, and chosen business structure, you’ll likely need a myriad of licenses and permits to operate legally. These