Starting a new business venture is exciting. However, with all the work that goes into it and the fact that these businesses often fail within the first year (or two), it’s important to understand all of the startup costs involved before getting started.
Legal fees can be the most expensive part of starting a business. Your lawyer is who you’ll rely on to help navigate through all the legal issues that can occur during your startup process.
Insurance and license fees are essential for the safety of employees, customers, and the community. They ensure that your business meets the legal requirements to operate. Insurance costs and license fees will depend on the type of business you have.