The Startup Magazine
MAY 7, 2024
Navigating the complexities of tax regulations can be daunting for small business owners, yet mastering this aspect is crucial for ensuring their operations’ financial health and sustainability. An effective tax strategy can minimize legal liabilities and significantly reduce expenses, freeing up resources for investment and growth.
The Startup Magazine
APRIL 2, 2020
There will be plenty of it early and often during your entrepreneurial journey, but rather than look at it as a headache you should consider the many ways in which it will help protect you, your family, and the company as a whole. Personal asset liability protection is not ironclad. You must abide by your operating agreement.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
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?
YoungUpstarts
AUGUST 25, 2015
One of the first actions you will take with your startup is to organize your company a separate legal entity to protect yourself from personal liability for the company’s debts. In the tech startup context, you’ll typically choose between a Corporation and a Limited Liability Company (“LLC”). Verdict : LLC.
Startup Professionals Musings
JUNE 13, 2016
Thus I’ve never understood why so many of these assume they can operate as non-profits. federal income tax (Section 501(c) of the Internal Revenue Code). federal income tax (Section 501(c) of the Internal Revenue Code). Delivering social value always costs money. Most countries have similar exemptions for similar organizations.
The Startup Magazine
JUNE 14, 2019
It is estimated that at least 80% of all startups rely on personal funds from their founders for operations, albeit in their formative stages. A limited liability company status, for instance, will protect you from your business’s legal hurdles and their costs too. Bootstrapping is a common way to fund a prospect.
Up and Running
AUGUST 6, 2014
According to the Harvard Business Review, in most U.S. states for-profit companies can accept donations and nonprofit companies earn revenue, which dispels the myths that a nonprofit can’t make money, or a for-profit venture would miss out on donations. For-Profit Entities: L3Cs, or Low-Profit Limited Liability Company.
Expert insights. Personalized for you.
88 
Let's personalize your content