Decide which business format is right for you. Today should focus on research into the different types of business registrations. S and C corporations, Limited Liability Company (LLC), and Limited Company (Ltd) are just a few examples of the different types of business formats that help protect you and your assets if something ever happens with the company. There are also differences in how the business and you are taxed throughout the year depending on which format you chose.
If you don’t already have a unique name for your business, today would be a good day to work on that. Don’t forget your elevator pitch! This pitch would be a 10-30 second ad for your product or service that you could give to someone on an elevator ride. Let your mind do most of the work today. Remember: Rome wasn’t built in a day and your business won’t be either!