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Tips On Starting A Business Without Sabotaging Your Personal Finances

YoungUpstarts

by Tim Steffen , CPA/PFS, CFP ® , CPWA ® , Director of Financial Planning for Baird. Among a growing number of Millennials, there is a real desire to become an entrepreneur, and a belief that starting a business can be a way to attain both independence and wealth. Set up a limited liability company (LLC) and separate bank account.

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How To Close The Books on Your Startup

mashable.com

In the life cycle of an entrepreneur, shutting the doors on a business isn’t necessarily a gloomy situation. If no shares were issued, the Board of Directors must approve to dissolve the company. If you’ve been operating as an LLC, review the dissolution requirements in your state’s LLCA (Limited Liability Company Act).

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