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4 Things to Consider in Starting a Company
Do you have a side business? Maybe an online business using Facebook marketplace or some other platform? Are you wondering if it's time to level up your online business by forming a company?
The pandemic has destroyed a lot of jobs, but it's also created a lot of entrepreneurs and opportunities. Many of us have decided to take action by having a side business to augment or even replace our salaries. But when it starts to work, how do you know that it's time to level up?
Our question today comes from Chesca. And she asks
"Attorney, my online reselling business is starting to do well. My friends tell me that the best thing to do now is to turn my business into a company for legal protection. How do I know it's the right time to form a company? Is the company the best way to do business?
If you're in the same position as Chesca, stick around because we have some tips for you.
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By Atty. Erwin Zagala and Atty. Ramon RamirezDo you have a side business? Maybe an online business using Facebook marketplace or some other platform? Are you wondering if it's time to level up your online business by forming a company?
The pandemic has destroyed a lot of jobs, but it's also created a lot of entrepreneurs and opportunities. Many of us have decided to take action by having a side business to augment or even replace our salaries. But when it starts to work, how do you know that it's time to level up?
Our question today comes from Chesca. And she asks
"Attorney, my online reselling business is starting to do well. My friends tell me that the best thing to do now is to turn my business into a company for legal protection. How do I know it's the right time to form a company? Is the company the best way to do business?
If you're in the same position as Chesca, stick around because we have some tips for you.
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