article thumbnail

Why Entrepreneurs Must Learn to Love Paperwork  

The Startup Magazine

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. Personal asset liability protection is not ironclad. You must abide by your operating agreement.

article thumbnail

The Next Entrepreneurs And Startups

YoungUpstarts

Choosing the right business entity for your organization is always the first step in setting yourself up for success, whether it’s an LLC, C-corporation or other structure. So although the business idea may be the harder part, something as common as knowing how to form an LLC in California remains as easy as clicking.

Insiders

Sign Up for our Newsletter

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

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. Intellectual property (IP) is anything created by the human intellect that’s protected by the law from unauthorized use by other people. Still, you can use accounting software or work with a tax professional.

article thumbnail

How to Work with Lawyers at a Startup

Both Sides of the Table

Shame about not getting it in legal writing that you owned the original IP. Founded it as a California LLC but your potential VC wants a Delaware C-Corp? For company registration, angel deals, Series A & B funding, Employee Stock Option Plans (ESOP), IP filings and even litigation it doesn’t need to be that way.

article thumbnail

27 Entrepreneurs Explain How They Came Up With Their Business Names

Hearpreneur

My company name, Bear in Mind Strategies, LLC, is a combination of my name, a common phrase about consciousness, and my strategic approach to working with clients. Thanks to Andrea Bear, Bear in Mind Strategies, LLC ! #8- My company’s name is Jade Solutions, LLC. Patterson, Jade Solutions, LLC ! #13- Accountability.

Naming 95
article thumbnail

26 Entrepreneurs Explain How They Came Up With Their Business Names

Hearpreneur

Geiger, Twelve31 Media, LLC ! #3- Several “experts” in marketing and advertising, and IP lawyers, tried to talk me into changing it. Thanks to Link Moser, Windhill Design LLC ! #26- I help them see their full potential and embark on a new journey of opportunity, growth and success. Thanks to Margaret H. Buttercloth was born.

Naming 149
article thumbnail

Five signs it’s time to get your business organized

www.greenhornconnect.com

1) You and your partners have developed IP critical to your business. Intellectual property is the most valuable asset most startups possess, so it is crucial that the startup, not the founders, own IP developed for the business. © Greenhorn Connect LLC - all rights reserved. 2) You’re hiring employees. Disclaimer.

IP 40