What do I need to know in order to set up a new company?

To set up a new company, you need to know the following:

1. Business Structure: Choose between sole proprietorship, partnership, corporation, or LLC.
2. Business Plan: Outline goals, target market, and financial projections.
3. Legal Requirements: Register your business name, obtain licenses, and understand tax obligations.
4. Funding: Assess capital needs and funding sources (loans, investors).
5. Location: Choose a physical or virtual location based on your business needs.
6. Accounting: Set up a system to track finances and comply with tax laws.