Forget the complicated legal lingo—here’s what you actually need to know. 

When I first entered the world of entrepreneurship, I came straight from my last traditional law firm job as an employee, where structure and rules were the norm. Every decision I made was scrutinized and micromanaged, and my personal boundaries were hard to hold. But, the tradeoff for that was this idea that the corporate machine was a buffer between me and the outside world.

It didn’t take me long to realise that entrepreneurship was a completely different arena—one where I was metaphorically stark-naked in front of “the marketplace” and all of a sudden had to stand firm in my own legal foundations, set my own rules, and protect my hard work without the cushion of a corporate machine behind me. 

Those early lessons taught me that running a successful business isn’t just about growth and passion. It’s about ensuring you’re legally protected so...