The Startup Magazine
APRIL 2, 2020
You must abide by your operating agreement. For startups established as an LLC, the operating agreement is the original blueprint that specifies how the company will be run and which members (partners) hold which responsibilities, among other concerns such as profit-sharing. Protect your intellectual property.
Up and Running
JULY 28, 2022
Not only do these requirements ensure that businesses operate within the law but it also protects small business owners and their consumers. . A small business is an independently owned and operated entity that engages in commercial activity and fulfills the set industry-specific size standards. What legally defines a small business?
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Startup Professionals Musings
AUGUST 25, 2018
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. A local pilot is a necessary move to test your manufacturing, operational, and marketing assumptions.
Startup Professionals Musings
NOVEMBER 4, 2019
Even a non-profit needs income to operate. Unfortunately, I see good startups fail simply because they don’t have the resources or intellectual property to stay ahead of copycats or big players who see the potential as soon as you step into the marketplace. Build a credible business implementation plan to quantify costs.
YoungUpstarts
OCTOBER 24, 2017
You should also understand that you may be liable for certain acts or omissions as a manager, officer or director, but shielded from liability as a member (in a manager-managed LLC) or shareholder. Will one shareholder (for a corporation) or member (for an LLC) make all or most of the decisions? Anticipate disagreements.
Startup Professionals Musings
NOVEMBER 30, 2015
In the United States, this is a limited liability corporation, or LLC. Register some intellectual property to provide a barrier to entry. A large portion of your competitive advantage and your potential value to investors is the size of your intellectual property portfolio.
Women Entrepreneurs Can
DECEMBER 15, 2021
A captive insurance company is a real insurance company created by a business or its owners to primarily provide property and casualty insurance to affiliated businesses. Consider if a natural disaster, attack, unrest or pandemic disease happened—could it prevent your business from being able to operate? Intellectual property theft.
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