Some of the biggest hurdles—and most impactful decisions—you’ll make as a mom and business owner (mompreneur) are deeply personal and unique to your situation. In Motherhood, Apple Pie, and All That Happy Horseshit, much attention is given to tapping into your “why” and developing a business that supports your family and your personal and professional goals.
But, today, we are giving attention to the other side of starting your business: selecting your business entity type and accounting method. These choices can have a considerable impact on the health of your business, both from a financial and legal liability standpoint.
Luckily, there is a wealth of resources to help you make the right choices. To start, schedule a half-hour to review these two resources:
- Cyndi does a fantastic job explaining the financial side of these decisions on bookskeep’s blog and in the accompanying webinar.
- For a primer on the legal considerations when selecting a business entity, start with this primer from the Small Business Administration.