Legal considerations

 

The type of business entity that you operate under has a huge influence on your tax liabilities. You have to consider the impact on the various taxes and levies you are liable for when deciding on a business legal entity.

 

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Financing considerations

 

The amount you will need to start a new business should never be an estimate, but should be arrived at through a structured process, as lenders will require a thorough analysis of your expected expenses before they will consider a loan.

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