article thumbnail

Business Prenup: What To Do Before You Start A Company With A Partner

YoungUpstarts

For example, an attorney can assist with issues concerning corporate formation (such as the pros and cons of corporations, limited liability companies and other structures) that may impact liability. A CPA provides input on tax structure and metrics, and assists with due diligence related to your industry.

Partner 208
article thumbnail

Establishing and Starting a New Business from Home: The Ultimate Guide

Women Entrepreneurs Can

For example, are you a sole proprietorship, limited liability company (LLC), or corporation? Again, it would be advisable that you hire a professional such as Safe Harbor CPA Firm to assist you. Make sure that it clearly outlines your vision for the company as well as your strategies for reaching those goals.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Tips On Starting A Business Without Sabotaging Your Personal Finances

YoungUpstarts

by Tim Steffen , CPA/PFS, CFP ® , CPWA ® , Director of Financial Planning for Baird. Set up a limited liability company (LLC) and separate bank account. Yet too many people put their personal finances at risk to launch a business, but I believe it can be done without sabotaging your financial future. Keep a fall back.

Finance 100
article thumbnail

How To Close The Books on Your Startup

mashable.com

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). Otherwise, members of the LLC can be held liable for debts of the company after it’s been dissolved.

LLC 68
article thumbnail

5 Critical Tips to Reduce Your Business Taxes This Year [WEBINAR]

Up and Running

For example, if you spent $2,000 on marketing services in December 2013 that weren’t actually delivered to your company until January 2014, you probably couldn’t claim those marketing services as an expense for the 2013 tax year. Earlier this month I hosted Ryan Clower, a CPA from the accounting firm M.

.Net 85