article thumbnail

Why Entrepreneurs Must Learn to Love Paperwork  

The Startup Magazine

However, what many first-time entrepreneurs fail to realize is that there are limits placed on personal asset protection, and there are circumstances where the court can find that you are personally liable for the debt of your business. Entrepreneurs are only as good as the people advising them. Protect your intellectual property.

article thumbnail

These 8 Disciplines Define A Fundable Entrepreneur

Startup Professionals Musings

Aspiring entrepreneurs often ask me what to do first when starting a business. Instead, entrepreneurs need to focus first on execution disciplines and timing. In the United States, this is a limited liability corporation, or LLC. Your credibility as an entrepreneur is at stake.

Insiders

Sign Up for our Newsletter

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

article thumbnail

8 Steps To Starting A New Venture With Limited Funds

Startup Professionals Musings

Now is the time to be an entrepreneur and create a business from your passion. The cost of rolling out a business has never been lower – it only takes a few hundred dollars to incorporate a Limited Liability Corp (LLC) online, create your own website, use social media to get attention, and you are in business.

article thumbnail

6 Steps To Move From Inspiration To Business Reality

Startup Professionals Musings

Thus, I’m more impressed with entrepreneurs who ask me to review their implementation plan, rather than listen again to their idea. For inspiration, I recommend you watch a few episodes of the Shark Tank TV series, where entrepreneurs pitch their wares, looking for an investment and national visibility for their product or service.

article thumbnail

10 Preparation Steps to Win an Angel Investment

Startup Professionals Musings

If you expect to require external funding, you should first incorporate as an S-Corp, C-Corp, or LLC, rather than the more expeditious sole proprietorship or partnership. Define some intellectual property. File a patent and trademarks to show real intellectual property. Build a prototype product.

article thumbnail

28 Entrepreneurs Explain How They Came Up With Their Business Names

Hearpreneur

That is what we’re all about at KISSPatent, making intellectual property seamless and effortless for our clients to obtain. Thanks to Kerry, Merrily, Wendy, and Randy Mellin, Mellin Works LLC ! #24- Thanks to Daphne Subar, Subarzsweets, LLC ! #25- Thanks to Dvorah Graeser, KISSPatent ! #20- Photo Credit: Alex Lacroix.

Naming 150
article thumbnail

Top Ten Action Items For Angel Funding Success

Startup Professionals Musings

If you expect to require external funding, you should first incorporate as an S-Corp, C-Corp, or LLC, rather than the more expeditious sole proprietorship or partnership. Define some intellectual property. File a patent and trademarks to show real intellectual property. Build a prototype product. Marty Zwilling.