Owning and operating a successful business can be one of the most fulfilling things one can achieve. You set your own hours, you’re your own boss, and best of all you’re building an asset for yourself. Starting a business though does not come without its challenges. The last thing a business owner wants after they have alleviated themselves of the initial stress of opening a business is to then deal with the stress of having tax issues. At Spaulding Legal APC we have seen countless cases where clients have become victims of tax issues based on specific things that were not put in place during the initial start up. Fortunately, there are steps that can be taken to avoid incurring tax issues after starting the business. In this blog, we will discuss the top seven components a new business owner should have to protect their business for the long haul.