Question

How would you advise them to set up their business structure?

Answer 1

Answer:

Set up an “operating entity” rather than being a sole proprietor.

Establish a “trust” to hold your operating entity.

Separate your intellectual property from your business.

Establish a solo 401(k) for your business.

Name your business with funding in mind.

Answer 2

Set up an “operating entity” rather than being a sole proprietor. ...
Establish a “trust” to hold your operating entity. ...
Separate your intellectual property from your business. ...
Establish a solo 401(k) for your business. ...
Name your business with funding in mind.