The Beginnings: A Sole Proprietorship

For the last few years whenever you come home from tough negotiations you relax by riding and repairing bicycles. You steal away weekends on the trail and spend your lunch breaks watching bike repair videos online. Your reputation for excellence and expertise is as broad in the cycling community as it is in the legal one. It is time to explore whether this passion is enough to pay the bills. You decide to open your own shop: Best Bike Co.

But walking away from a successful law practice is not easy. How will you raise money for rent and equipment? How will you bring on extra hands to help with sales and repairs? How will you pay back investors, and how much control will investors demand? What happens if the business fails? What if it is wildly successful?

More immediately, how do you even get started?

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