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But don't confuse simple wording and formats with simple thinking. The reason you're keeping it simple isn't because you haven't developed your idea fully. You're keeping it simple so you can get your point across quickly and easily to whoever's reading it.
Explore the legalities. It's vital to discover the best legal structure for your new business. In fact, do this before you ever register your endeavor with any local or state agencies. What kind of business is it? Its structure will determine how you'll file taxes on your startup. It also affects your degree of personal liability, should anything (or anyone) go wrong.