There is always risk associated with going into business for yourself. Since there are many types of risks involved in business, there is always the possibility that you can go out of business and lose your investment. There are always market risks associated with the competition and, of course, the economy. Location and type of business you decide to start are also big factors in a successful business venture. You would not want to open a gas station on a corner where there are 3 others located. You would also want to research the economic soundness of such a location. When you begin a new business, you don't want to think about the possibility of failure, but there are many reasons why a new business might fail. Seeking the advice of a good attorney may save you headache and money in the long run.