article thumbnail

Corporation or LLC? Business Organizations for Tech Startups.

YoungUpstarts

In the tech startup context, you’ll typically choose between a Corporation and a Limited Liability Company (“LLC”). Corporations pay taxes on the money they earn, and LLCs don’t. This doesn’t mean that LLCs go tax-free. When an LLC allocates income to owners (i.e. When an LLC allocates income to owners (i.e.

LLC 100
article thumbnail

5 Popular Freelance Opportunities In This Gig Economy

Startup Professionals Musings

The cost of entry as a services professional is at an all-time low, with powerful free tools to create your own website, cheap incorporation of yourself as a Limited Liability Corporation (LLC) via the Internet, and community colleges offering courses for anyone in the new technologies.

Insiders

Sign Up for our Newsletter

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

article thumbnail

How To Reinvent Yourself As A Business Startup Today

Startup Professionals Musings

The cost of entry as a services professional is at an all-time low, with powerful free tools to create your own website, cheap incorporation of yourself as a Limited Liability Corporation (LLC) via the Internet, and community colleges offering courses for anyone in the new technologies.

Startup 410
article thumbnail

How To Start An LLC

YoungUpstarts

For those considering taking their businesses to an official level, here are some helpful tips for how to start an LLC. What Is an LLC? An LLC is a type of legal structure for a business. Like other business structures, the LLC status dictates how a company will be taxed, as well as who will be responsible for its liabilities.

LLC 140
article thumbnail

8 Steps To Starting A New Venture With Limited Funds

Startup Professionals Musings

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. In the early Internet days, it would cost a million dollars to get this far.

article thumbnail

[Interview] Dr. Chuck Bamford, Author, Educator, And Founder Of Bamford Associates, LLC

YoungUpstarts

I started my strategy consulting business (Bamford Associates, LLC) on a full-time basis almost seven years ago. There are volumes of material on the internet for you to read about the drawbacks of SWOT as an analysis tool. Prior to pursuing my Ph.D., I led both M&A and Corporate Training groups for twelve years.

LLC 127
article thumbnail

6 Steps To Move From Inspiration To Business Reality

Startup Professionals Musings

There are lots of resources available for the challenge of that activity, including the Internet and mentors like me. This means staffing and delivering the business legally as an LLC or corporation, completing a website and business licensing, and arranging for manufacturing, distribution, and support.