Business Entities
The first legal decision most founders face is also one of the most consequential and least understood: what kind of legal entity is your business? The choice — sole proprietorship, LLC, corporation — determines whether your personal assets are shielded when things go wrong, how you're taxed, and whether you can raise money. Getting it right early is far easier than fixing it later. (As always: this is general education, not legal or tax advice — the specifics vary by jurisdiction and situation, so consult professionals for your case.)
The first legal decision most founders face is also one of the most consequential and least understood: what kind of legal entity is your business? The choice — sole proprietorship, LLC, corporation — determines whether your personal assets are shielded, how you're taxed, and whether you can raise money. (Educational, not legal/tax advice.)