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

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  • 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

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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