Posts by Harold King77

I just need some basic outlines to get moving in the right direction once.
The complexities of tax law are something I can tackle later on.

At this stage, all I have is my initial capital and the drive to succeed.
Any guidance would be appreciated.

Grace Kern2 said:I don't think the answer is nearly as simple as what you're asking. Sure, anyone can jump into any kind of business, but the real question is whether they actually have the chops to pull it off. You need to look at your collective resources—and I’m not just talking about the bank account, but everything else you've got working for you.

I have a question and could use some guidance.

I have some capital and want to get into the cafe rental business.
Keeping things simple, should I set up an LLC or a sole proprietorship under the Small Business Act?
Since I haven't run a business before, which route is more logical for a beginner?
Once I've established one of those, what comes next?
If anyone with actual experience could outline the steps required to get a cafe up and running, I would appreciate it.

Thanks.🙏