Thousands of young businessmen and women start new companies in the United States each year. Most will not last. However, whether you decide to form a limited liability company or go out on your own, you can increase the odds that your business will be one of the few that makes it.
Success is not a question of good genes or dumb luck; it’s usually just about being prudent. Avoid these nine common financial mistakes of young entrepreneurs.
You should always keep your personal and business assets separate. Not only does this help to streamline your business operations, it also allows you to take advantage of tax deductions, such as writing off business expenses.
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