Section two — legal + Finances
module four: getting legal
module five: money talk
Watch the video below to listen to this page’s content, OR scroll to read the content instead:
One of the most daunting things about starting a business, especially if you’ve never started one before and you’re not as familiar with entrepreneurship, is learning how to operate legally. Something about it just seems so overwhelming! But, this next section will break it down super simply to give you a better understanding of the terms and concepts that may have previously seemed like too much to handle.
I’m sure I’m not alone when I say that the first couple of years of my business were done “under the table." And while you’re probably not going to get audited for bringing in a bit on the side, if you have any sort of long-term goals for this business, then just the confidence that comes from knowing you’re operating legally will be worth the effort.
Being an entrepreneur will change your life. There are special legal and financial rules that entrepreneurs get to play by that are different and allow you to get ahead by retaining more of your income for yourself and your family and spending less of your time trying to navigate and negotiate for financial security.
Before we begin, here’s a necessary disclaimer: I am not your legal or financial counsel. The content discussed in this course represents my own personal opinions, and I am not registered or qualified to give legal or financial advice. Legal requirements vary by country, state, county, and city.
My wish for you is that, through my thoughts and experiences that I’ll share here, you will understand more about the opportunities available to you and how you can improve your family’s situation on your own, utilizing your creative business. I do recommend that you get in touch with qualified professionals like a CPA or a financial planner so that you can build your own financial stability in a way that makes sense for you and your family. I’ll link to my own personal advisors in the Quick Link sections at the bottom of each module if you’re in the market for help.
I’m here to break it all down and help you feel empowered to simply start, and not let the legal stuff get in the way.