You’ve finally decided to take the leap and go into business for yourself. Congratulations! Now that you have the idea and the product or service you’re going to bring to the market, what do you do next? Well, you’ll need to set up a legal structure for your business: sole proprietor, partnership, or corporation.

Now that we have an idea for a business, what do we do next? We must find out if there is a market for our idea. The two steps go...