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I purchased a domain for a to be mobile application and website creation business.

I'm an application developer and not a business professional I am aware there could potentially be taxes and unwanted side effects like somebody buying the business name which i havent even done yet i just need a rundown on what steps i need to take to not get unexpectedly screwed over in the future, like getting taxed for some loophole.

closed as off-topic by gnat, Mister Positive, DJClayworth, IDrinkandIKnowThings, GOATNine Sep 7 '18 at 19:41

  • This question does not appear to be about the workplace within the scope defined in the help center.
If this question can be reworded to fit the rules in the help center, please edit the question.

  • That's the job of your lawyer/accountant. – Captain Emacs Sep 7 '18 at 17:29
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    I feel like your question is too broad, for us to list of all the steps of owning a business, could you ask a more specific question? – imdannyboy909 Sep 7 '18 at 18:13
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    I'm voting to close this question as off-topic because it's about startup business practice, not The Workplace. – DJClayworth Sep 7 '18 at 18:40
  • What country are you in? – Dan Pichelman Sep 7 '18 at 18:42
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How can I ensure the safety of my new business?

Hire a good accountant. Hire a good lawyer. If you need more help, connect with a good life coach or mentor. Develop a strong, deep professional network. Work hard.

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    This is good advice but I recommend making sure you're actually profiting before spending monies on lawyers and accountants. Otherwise you're only getting them to profit. – Dan Sep 7 '18 at 18:34

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