Building a Business? Avoid These Common Pitfalls That Can Cost You Time, Money & Sanity
Starting a business is exciting — but it’s also a minefield of mistakes waiting to happen. From legal oversights to tax confusion, one wrong step can hold you back for months, or worse, cost you everything you built.
At Markup Valley, we help entrepreneurs skip the guesswork and start strong — by fixing what others ignore.
Mistake #1: Mixing Personal and Business Finances
Why it’s a problem:
Blending your personal and business money makes bookkeeping messy, taxes difficult, and legal protection weaker.
How we fix it:
We help you open a proper business bank account and set up clean, organized bookkeeping from Day 1.
Mistake #2: Skipping Business Registration or Doing It Wrong
Why it’s a problem:
Operating without an LLC or Corporation puts your personal assets at risk. Choosing the wrong structure? That could mean paying more taxes than necessary.
How we fix it:
We guide you through LLC formation in the best state for your business and make sure it’s done right — with EIN, operating agreement, and all.
Mistake #3: Ignoring Tax Responsibilities
Why it’s a problem:
Missing tax deadlines or not filing correctly can lead to penalties, audits, or blocked payment accounts.
How we fix it:
Our experts handle tax planning and filing — including ITINs, EINs, sales tax registration, and quarterly estimated payments.
Mistake #4: No Legal Protection for Their Brand
Why it’s a problem:
You build a name… and someone trademarks it first. You’re forced to rebrand or lose everything.
How we fix it:
We register your trademark with the USPTO so your business name, logo, and identity are fully protected.
Mistake #5: Trying to Do Everything Alone
Why it’s a problem:
Many new entrepreneurs wear every hat — accountant, designer, tax advisor. Burnout and errors follow.
How we fix it:
Markup Valley becomes your finance and compliance partner, taking care of the boring (but crucial) stuff so you can focus on growth.

Don’t Learn the Hard Way — Learn From Others
Avoid the rookie errors and build your business on solid ground with Markup Valley by your side.
I appreciate the focus on helping regional banks specifically. Often, the advice out there is geared towards larger institutions and doesn’t address the specific constraints and opportunities that regional banks face. I think exploring strategies like M&A to achieve operational scale and offset regulatory compliance costs is critical for these banks.