Lunar New Year, New Business: Lessons from OpenAI, TikTok, and MrBeast

Lunar New Year is a time to sweep away the old and welcome new opportunities—but it’s also the perfect moment to reset your business strategy.In this episode of Love and Law, Elizabeth Yang explores how families and entrepreneurs can use the New Year as a turning point to transform side hustles into real, protected businesses. Drawing surprising lessons from headline-making companies like OpenAI, TikTok, and MrBeast, this conversation reveals how the same legal fundamentals apply whether you’re running a global platform or a family dumpling business.✨ Why choosing the right business structure—LLC, corporation, or nonprofit—matters more than you think✨ What big tech power struggles teach small business owners about control and decision-making✨ How clear contracts and operating agreements can protect your family, brand, and futureFrom defining ownership to protecting intellectual property, the biggest lesson is simple: every successful business needs a strong legal foundation. The sooner you plan for structure, contracts, and governance, the easier it becomes to grow without chaos later.Whether you're selling handmade products, launching a family venture, or scaling a side hustle, this episode shows how a little legal planning today can protect everything you build tomorrow.Read the full blog on this topic here.🎧 Now streaming on all major podcast platforms..