Perusing the LocalsGuide right now, you know that Ashland is chockfull of small business owners. That means that Ashland is also teeming with people putting heaps of time and energy into getting their businesses up and running. Most of the new business owner’s attention is focused on developing the product, securing financing, creating the perfect marketing plan, finding the right location, etc. In this flurry of startup activity, two essential elements are sometimes forgotten: 1) tax planning and 2) liability protection.