So you've got a great idea and you're going to start a side gig or a small business, but you don't really know where to start. You've heard about LLCs and corporations and a guy hooked you up with a couple of templates, but you're just not entirely sure what to do. But being an entrepreneur, you're more than likely going to want to do it yourself.

There are three things you need to think about when you decide what kind of business to form. Those are liability, taxes, and your exit plan. Always think of those three things, taxes, liability, and your exit plan and use the appropriate professionals for each one of those.