Embarking on the journey of starting a CPG business is thrilling, but it requires laying down a solid foundation to ensure long-term success. Let’s explore the essentials that every new business owner must consider to build a strong structure and operational framework. Whether it’s choosing the right business structure or understanding the licenses you’ll need, these early decisions are pivotal.
Think of this section as your roadmap. Just as you wouldn’t set off on a road trip without knowing your route, you shouldn’t start a business without a clear understanding of these basics. From establishing the type of entity that best suits your needs to securing the necessary permits, setting up agreements that define roles and responsibilities, and assembling your initial team—each step is crucial. This is where you lay the groundwork that will support your business as it grows and evolves. Let’s dive in and start turning your CPG dream into a reality.
As a disclaimer, many of the documents may require a legal professional to review. The information below is not to be considered legal advice. I am not a lawyer. Please discuss your unique situation with a business lawyer.