I am lost, for context, I am a young guy who is really interested in starting a business, however, documents and all the legality kind of scare me away, for context, I live in a small country with less than 5M population, so it isn’t as easy as Googling information, so far I have managed to learn a thing or two about taxes for micro businesses, but I feel kind of overwhelmed by the rest of the stuff, any tips?
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focus on making sale first some states in the US have annual fees to start a business and they will charge you money when you file a LLC for example.
Go to local government building or municipalities its different for all countries.
If you want more in depth advice I am consultant I do 1 on 1 free session DM if want to do a session.
You can always talk to small business owners where you live and they can probably offer you advice. Just make sure you talk to at least 3 so you can get a few perspectives on it. Good luck!
You could also just start selling your product or service and the rest of the stuff will come in time
Once you know what kind of business you want to start then you can search corresponding legal advice. Setting up an LLC isn’t hard and if you need help you can hire a business lawyer- checkout business anywhere website and youtueb channel. James Hart is a good lawyer to listen to on YouTube. Thwre are plenty of professionals that can do the legality parts for you- you job is to have a business plan.
That seems fair haha, but I kinda feel awkward about asking them “dumb” questions :D, I will try to get some funds and hire them I guess, thanks!
Think your questions through thoroughly, write them down, continue to think on them and research for another few days or a week, add to/better your question list and then hire a lawyer. They are expensive and no BS, meaning there is never a reason to add any casualties of conversation or emotion into a convo with a lawyer. Straight to the point is best. Also, many lawyers offer free consultations so you can see if they can even meet your needs- during this consultation you can practice asking these questions (and begin dissolving the made up idea that your questions are dumb) and start to get more clear on exactly what type of legal advice you need. It took me a year to even understand what questions to ask and to become clear on different business terms like nexus, exclusive copyright vs non exclusive, LLC taxed as an S corp, registered agent, virtual business address. etc. Keep reading and watching yt vids and soon enough your brain will begin to honestly and confidently grasp these new business-specific terms.