Reflection 5

 13 February 2021

Reflection 5

   I am really glad we learned about Legal Structure this week, it is very important to to be able to be aware of everything needed to go into starting up a small business. If you go into it without knowing then you can get yourself into a lot of trouble and possibly lose a lot of individual assets. Taxes and legal structure has never been something that I have had a strong foundation on, so it made me realize how much research I needed to do about taxes and all the legal obligations I would have do in order to become a small business. I also need to look into the certain licenses I would need to get and at what point I would need to get those as well. I am excited for the prospect of being able to start my own business and get it up and running in this class.

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