How Did You Fund Your Business? What Methods Would You Recommend For Others?
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We Help our Clients use their personal credit to fund their businesses as well as to establish their business credit. It's best to start as a hobby. Once you begin to generate enough revenue to be able to separate your personal funds from your hobby's funds, then you should transition it to a business. We refer our clients to "Legal Zoom" to incorporate. Our motto is "We Help You #Succeed!" #TeamSuccess #TeamBLAM!
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More answers from Waldo
That sounds great, Waldo! We have a consultant at my firm that handles all the legal and technical aspects of setting up businesses, so never used Legal Zoom myself. But that name does come up often in relation to setting up businesses and non-profits.
I love that you suggest starting off as a hobby, figuring out revenue, and then moving into a business setting. I think far too many people jump the gun on that and then wonder why when they're at the business stage, they're still just figuring out revenue.