Dotting Your i’s and Crossing Your t’s: Start-Up Details

When we talk about taking care of the early-stage chores of starting a business, we’re assuming that you’ve already completed the big-picture tasks of the start-up (such as writing a business plan, finding a mentor, determining the legal entity that works best for you, locating financing, and developing the product or service), many of which we discuss in Part I of this book. Now you have to dive into the nitty-gritty details.

Buying insurance

One of the first things you need to do when you start a business is to purchase insurance. We’re talking about liability insurance — auto, fire, theft, business interruption, and so on — as well as workers’ compensation insurance.