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Starting a business is one of the most exciting things you’ll ever do — but it’s also where many first-time founders make decisions they regret later. From tax headaches to missed opportunities, some mistakes might seem small at the start but can cause major problems as your business grows. If you’re serious about building something that lasts, here are five mistakes to avoid — and how setting up a company from day one can help you dodge them. 1. ❌ Starting as a Sole Trader

Starting a business can feel like learning a new language. Suddenly, everyone’s talking about shareholders , directors , constitutions and the Companies Act , and you just want to start making money! But here’s the good news: it’s not as complicated as it sounds. Every company — no matter how big or small — is built around a few key players. Once you understand who’s who and what they do, the rest of company life makes a lot more sense. Let’s break it down. 1. Shareholders