EP 53 - The Business of Building a Business

To incorporate or not to incorporate is the question, a question with no definitive answer. In a world where starting a business has never been easier, choosing the right path can be overwhelming. A farmer or construction worker may have different considerations than a tech startup—but do they really? Today, we’re joined by the lively lawyer Sebastian Schmoranz from MSSH Lawyers. Sebastian will guide us through the intricacies of business structures, offering insights that can help protect both you and your future.  Grab a seat and take a listen as your favorite neighborhood lawyer breaks down essential topics like:  Should you incorporate? Key advantages and disadvantages  Taxation and liability considerations  Partnerships vs. sole proprietorships  Transitioning between corporate structures  Family business succession  Share structure  The role of a lawyer and accountant in business setup