Benefits Disadvantages Is dropshipping for you?


The goal of this chapter is to help you become more confident


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The goal of this chapter is to help you become more confident 
about setting up your business. I’ll review the steps every 
entrepreneur needs to take, and I’ll also give some suggestions to 
help out as much as possible.


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By no means will this chapter answer all your questions, nor is it a definitive 
resource on anything legal. I highly recommend talking with an attorney and 
seeking advice from people in the legal industry. This chapter is only a starting 
point to introduce you to the essential aspects of incorporation and finances..
To make it easy, I’ve split up this chapter into two sections: legal and finances.
Legal
Choosing a business structure
Note: This section is primarily focused on starting a business for 
residents of the U.S. Please make sure you determine the correct 
structure for the country in which you reside. 
The first step in setting up a business is deciding how the business will be set up. 
Since you’re likely a one-person operation, this is typically pretty straightforward, 
but you still need to weigh your options and see which one is best for your 
personal situation.


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Since every business is different, this guide won’t be able to help 
you choose which structure is right for your company. That’s 
where a lawyer can help out. However, this guide can help you 
understand these structures.
With that said, here’s an overview of four widely used business structures.

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