Up and Running

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The size standards are different for each industry and are defined by the government body established to oversee such matters. Limited liability company (LLC) – A structure that combines the characteristics of both corporations and partnerships. Develop a founders agreement. According to the U.S.

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www.greenhornconnect.com

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Forming a corporation or limited liability company not only protects founders by limiting personal liability for activities related to the business, it also defines the rights of founders relative to each other and to the business, which is important in case there is ever a falling-out among the founders.

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Up and Running

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And, depending on the business you start, there may also be various government incentives. Tim Berry, founder of Palo Alto Software suggests asking yourself the following questions: Will your customers ever see your space? Gather information from government sites like the U.S. As the saying goes, you can’t please everyone!

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