Legal Setup
This exercise defines the legal aspects of your business: what type of legal structure it will have, what economic activities it formally engages in, and how equity participation is divided.
Purpose
These are decisions that, in practice, you'll likely formalize with an accountant or lawyer — but recording them here helps keep this legal side of the business together with the rest of the plan, rather than scattered in separate documents, and correctly feeds other exercises that depend on this information.
Legal Structure
Choose the business's legal format from six options: Sole Proprietorship (MEI or similar), Single-Member LLC, Limited Liability Company (two or more partners), Corporation, Non-Profit Organization, or Other. The chosen option is highlighted, and changing options applies the change immediately — there is no separate confirmation button, so choose carefully.
Economic Activity Codes (CNAE)
Register the CNAE codes that formally describe your business's activities. Use the + button to add a new code. One of the codes is always the Primary (the main activity); the others are listed as Secondary, with the option to Make primary if you need to change which activity is the main one.
Shareholders and Equity Distribution
Register the business's partners/shareholders and the percentage each holds. The distribution appears both in a list and in an equity chart, which helps quickly visualize if the sum adds up to 100% and if the distribution is as you expect.
AI Support
The AI button in the upper right corner can suggest an initial fill for this exercise based on the rest of the plan — useful as a starting point, but legal structure decisions have real tax and corporate implications, so it's worth confirming any suggestions with an accountant or lawyer before considering them final.
Tips
- The primary CNAE usually has the most impact on the business's tax classification — if you're in doubt between two codes, that's a good question for your accountant.
- Review the Legal Structure before formally establishing the business; changing the structure after it's already constituted incurs costs and bureaucracy.
- Keep the Equity Distribution updated if a new partner or investor joins — other exercises in the plan may reference this information.