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2. Legal requirements serve as the permission to legally have the privilege to start a business
because starting a business is not easily made just because we thought of building one. Starting
a business must process legal documents to support the business in times of troubles about
major illegal problems. Also, it’s a must to have legal requirements on starting a business to
secured financial regulations, tax obligations and employments laws because it’s written in a
country law’s to legalized everything to purposely avoid illegal business to happened. Without
legalization documents a business could considered as illegal which means violating a certain
law that could leads to imposition of monetary fines and imprisonment. Therefore, a business is
not fully a business without legal requirements to prove so.
3. Business ought to have more sources and resources to build a business that have strong
foundation, stability and connections. Numerous sources and resources in a business make the
business to foster to its expectation because the more sources the business had, the more
opportunities could be gained and acquired. Not only opportunities but it also means more
profits that could expand a starting business into more businesses in a society. Tons of it could
also cause popularity that could intrigue people in the society and influential investors that
could offer partnership.