Are you thinking to start your business? You are in the right track. C ongratulations! You are on your road to freedom, not only to financial freedom but the freedom from the bondage of “employee mentality.” You will be your own boss. However, you have to avoid another possible bondage, that is the bondage of being employed by your own business. Being a single proprietor (or even partnership) makes you a “self-employed” person, which is essentially an employee still. Dont get me wrong, you can run a business under single proprietorship and partnership type but make sure that you dont do all the work. Make sure that even when you are not around, your business still runs. It should not be dependent on you. T here is another type of business called a corporation. This type of business is unique and has been commonly used by the business that we knew, the big companies and there are reasons why they use this type compared ...
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