Remove Finance Remove Hiring Remove Limited Liability Company Remove Naming
article thumbnail

13 Critical Small Business Legal Requirements to Start a Business

Up and Running

Limited liability company (LLC) – A structure that combines the characteristics of both corporations and partnerships. It protects owners from their debts or liabilities, and each owner has to include a share of the profits/losses in their personal tax returns. Register your business name.

article thumbnail

Vlad Rigenco’s Tips for Launching a Successful Startup

The Startup Magazine

When people want to begin a startup company, there are several common-sense principles that they should follow. Vlad Rigenco offers 9 important tips on beginning a startup company and names some of the pitfalls that can happen along the way. Startup companies need to be based around an innovative idea. A Great Idea.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Effective Tips to Start Your Own Rubber Stamp Business

The Startup Magazine

You may opt for a sole proprietorship, partnership, corporation, or limited liability company. It may seem counterintuitive to keep personal and business finances separate; After all, why should there be two banking accounts when one is as good as the other? Hire an accountant. Create a business plan.

article thumbnail

8 Steps to Starting Your Own Business

Up and Running

Limited Liability Company (LLC). Other things you will need to do include deciding on a business name and researching availability for that name. If you will be seeking outside financing, a business plan is a necessity. If you will be seeking outside financing, a business plan is a necessity.

article thumbnail

 7 Steps To Starting A Construction Company

YoungUpstarts

You should consider hiring a lawyer to provide you with expert advice and guidance if you’re unsure of the processes to follow when setting up a company. Here are some of the key legal requirements when starting a business : Choose a business structure for your company. Register your business name.

article thumbnail

How to Convert Your Business to an LLC

The Startup Magazine

This would lead them into choosing ownership between a sole proprietorship status and a limited liabilities company or LLC status. The articles of organization contain the name of the LLC, its full address, as well as other ownership details such as the names of the owners, the effectivity date, and organizational statutes.

LLC 120
article thumbnail

How to Start a Business: A Step-by-Step Complete Guide (2019)

crowdSPRING Blog

Partnership – A partnership is a shared responsibility between two or more people who both hold personal liability for a business. But you might want to get an EIN anyway to keep your personal and business taxes separate and to be sure that you can quickly hire when the time comes to expand your business.