Your business entity may be any one of the following: corporation, sole proprietorship, LLC or partnership. Take the time to get an Employer Identification Number from the IRS and make sure to set up a separate bank account.
Anything financial relating to your company must be run through your business bank account. Having the trappings of what you need to run a business in place helps you think like you are running a business and not just doing something you like as a hobby. Formalizing it with the paperwork makes you a real entity and you’re ready to get out there and sell insurance.
Lay the groundwork for success before you leap off a tall building and dive right in. If you have the foundation in place, success follows.
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