article thumbnail

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

YoungUpstarts

Here are a few tips to ensure that you and your partners start out on the right foot. A CPA provides input on tax structure and metrics, and assists with due diligence related to your industry. Will one shareholder (for a corporation) or member (for an LLC) make all or most of the decisions? Congratulations! Hire professionals.

Partner 208
article thumbnail

28 Entrepreneurs Explain How They Came Up With Their Business Names

Hearpreneur

Luckily I didn’t have to – a friend ended up texting me and my business partner, suggesting the name Codal. My business partner, Adam Hale, and I were both in Fort Wayne, Indiana when the company was founded. Thanks to Jody Grunden, Summit CPA Group ! #12- Thanks to Daphne Subar, Subarzsweets, LLC ! #25-

Naming 145
Insiders

Sign Up for our Newsletter

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

article thumbnail

Startup Tax Planning for Better Cash Flow Management

Up and Running

Many small business owners have no idea what they will owe in taxes until it’s time to pay them,” says Paul Gevertzman, CPA, a tax partner at Anchin, Block, & Anchin in New York. If you own an LLC or sole proprietorship , allocate a portion of each draw to a tax saving account and learn to live on the net draw.

article thumbnail

How To Close The Books on Your Startup

mashable.com

Dissolve Your LLC or Corporation. An LLC or Corporation can be dissolved as easily as it’s created. Essentially, you’ll need to file a form called “Articles of Dissolution” or “Certificate of Termination” with the Secretary of State’s office in the state where your LLC/Corp was formed. Top From Our Partners. Back to top.

LLC 68
article thumbnail

27 Entrepreneurs Share Their Tips and Tricks of Staying Motivated

Hearpreneur

A network of friends and partners can also serve as a great assurance and reminder that you’re not walking. Thanks to Roy Morejon, Enventys Partners ! #6- 8- Having an accountability partner. An accountability partner increases the chances of achieving goals up to 95% on average, and those numbers don’t lie.

article thumbnail

26 Entrepreneurs Share Their Tips and Tricks of Staying Motivated

Hearpreneur

A network of friends and partners can also serve as a great assurance and reminder that you’re not walking. Photo Credit: Katie Thomas, CPA. Thanks to Katie Thomas, CPA, Leaders Online ! #16- Thanks to Dawn Mahan, PMOtraining, LLC ! #17- When the going gets rough in business, you’ll need motivation to keep moving.

article thumbnail

28 Entrepreneurs Explain Why They Started Their Business

Hearpreneur

I started Pneuma Nitric Oxide, LLC in order to take my nitric oxide technology into the skin care and beauty arena. Pneuma Nitric Oxide, LLC was established to commercialize scientifically proven nitric oxide-based technologies for use in skin care and cosmetics. Bryan, Pneuma Nitric Oxide, LLC ! #8- Photo Credit: Nathan S.