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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. Secure your intellectual property.

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

YoungUpstarts

Hire professionals. 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. Protect your company’s customers, employees and intellectual property.

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What Type Of Insurance Does Your Business Need?

YoungUpstarts

Some would need insurance that protects their legal interests while others would need insurance that protects their rights to services or intellectual property. The owners, called stockholders, enjoy limited liability but, at the same time, have limited involvement in the company’s activities.

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

crowdSPRING Blog

Consider branding yourself as an expert in real estate, personal injury, family law, intellectual property, or even admiralty law. Landscaping – Are you more of a mow and go company, or are you catering toward elaborate garden design? If all goes well, you’ll hire many employees. But employees must be paid.

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8 Reasons To Incorporate Your New Company Early

Startup Professionals Musings

It’s very easy and inexpensive to set up online a Limited Liability Company (LLC) for the startup, which will allow you to track business costs, cash and taxes correctly -- no matter what happens. Liability for initial setbacks or lawsuits needs to business versus personal.

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Five signs it’s time to get your business organized

www.greenhornconnect.com

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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How to Start a Successful Photography Business: The Complete 10 Step Guide (2019)

crowdSPRING Blog

Partnership – A partnership is a shared responsibility between two or more people who both hold personal liability for a business. Limited Liability Company (LLC) – a structure that permits owners, partners or shareholders to limit personal liability, but still includes tax and flexibility benefits associated with a partnership.