article thumbnail

Five signs it’s time to get your business organized

www.greenhornconnect.com

Forming a corporation or limited liability company not only protects founders by limiting personal liability for activities related to the business, it also defines the rights of founders relative to each other and to the business, which is important in case there is ever a falling-out among the founders.

IP 40
article thumbnail

How To Close The Books on Your Startup

mashable.com

This is particularly true in the fast-paced high-tech and software world, where only a small percentage of startups mature. Yet to embark on the next project, you’ll want to properly close the books on your previous company. If no shares were issued, the Board of Directors must approve to dissolve the company. Today in Mobile.

LLC 68