Ask What is a mistake people make when deciding on a legal structure for their freelance business?

[Brendan]

Choosing the way your business is registered with the government is a very big step that affects your taxes and your personal safety. Many new workers just pick the easiest option without thinking about how it will affect their money in the future. They might not realize that some choices make them personally responsible if the business runs into any legal trouble. It is a serious topic that needs plenty of research before you sign any papers. What is a mistake people make when deciding on a legal structure for their freelance business?