Common Business Startup Myths
Going into business for oneself can be a highly rewarding experience, but it is not easy. The legal, financial, and even personal issues involved in becoming an entrepreneur can be highly complicated and sometimes difficult to understand. Perhaps as a result of this complexity, there are many misconceptions about entrepreneurship.
If you are considering starting a small business, you may want to consider some of the common misconceptions listed below, and the realities behind them. If you have any questions about registering a business, protecting trademarks, or other business law matters, call the Des Moines business startup lawyers of LaMarca Law Group, P.C. at (877) 327-2600.
Myths and Facts
Some widely repeated business myths include the following:
You only need a business plan to attract investors. In fact, a solid business plan will help your company in many different ways. Even if you are funding your plans with your own money, and therefore do not need to seek out investors, it is important to write out a clear business plan. It will help you plan for the future and handle any obstacles you may encounter.
Anything you buy for a business can be written off on your taxes. The IRS regulations are actually much stricter than that. If you planned on setting up a home office with nice new technology, all of it tax-free, you may want to think again. An experienced Des Moines business tax write-off attorney can inform you about tax deductible and non-deductible expenses.
Running your own business will give you more time to spend at home. In fact, starting a successful business usually takes very long hours and a lot of hard work. You may be working from home, but you will not spend that time sleeping in or visiting with your family if you want to succeed.
Clearly, before you begin any business venture, it is very important to research your options and form a clear idea of what to expect.
The Des Moines business startup attorneys of LaMarca Law Group, P.C. can help you stay realistic about your future plans, even while pursuing your dreams. Contact us today at (877) 327-2600.