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Showing posts from July 26, 2024

Setting Up a Freelance Business: Legal Steps and Considerations

  Written By: Rosanna Webb As someone who has ventured into the world of freelancing, I've navigated the complexities of setting up a freelance business. From ensuring legal compliance to managing contracts and intellectual property, the process can be intricate but manageable with the right approach. This guide outlines the essential legal steps and considerations you need to address when setting up your freelance business, providing you with a comprehensive roadmap to start and sustain your venture successfully. 1. Choosing Your Business Structure One of the first and most critical decisions you’ll make is selecting the right business structure. The structure you choose will impact your legal obligations, tax responsibilities, and personal liability. Sole Proprietorship As a sole proprietor, you operate your freelance business under your own name or a trade name. This is the simplest structure, and it’s easy to set up. However, it does not provide personal liability protection, m...