Start a Small Business for Financial Independence (2026)
Summary
Mindy Jensen and Scott Trench discuss the legal and financial steps to start a small business, including validating the business idea, choosing a business structure (LLC, sole proprietorship, or corporation), obtaining an EIN, registering with the state, and securing necessary licenses and insurance. They emphasize maintaining compliance, understanding tax obligations, and setting up basic accounting systems for success.
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Arizona Rep. Bliss's bill regarding short-term rentals has passed, signaling potential changes to the regulatory landscape for hosts in the state. This legislative development could impact operational requirements and potentially the profitability of short-term rental businesses within Arizona. Hosts should stay informed about the specifics to ensure compliance.
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