Remove privacy
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. 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. Establish a privacy policy.

article thumbnail

The Anonymous LLC: Pursuing Privacy in the Information Age

YFS Magazine

The digital age has diminished privacy. The Anonymous LLC is a readily-accessible tool available to protect it.

LLC 79
Insiders

Sign Up for our Newsletter

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

article thumbnail

3 Tips for Keeping Your Business in Compliance With the State

Up and Running

When you hire an outside service, you are giving your business some privacy with legal matters. If your company gets served, by having an outside service in place, the papers will be delivered to that office instead of your storefront where all your customers and employees can see the exchange.

article thumbnail

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.

IP 40
article thumbnail

How To Close The Books on Your Startup

mashable.com

If no shares were issued, the Board of Directors must approve to dissolve the company. If you’ve been operating as an LLC, review the dissolution requirements in your state’s LLCA (Limited Liability Company Act). Otherwise, members of the LLC can be held liable for debts of the company after it’s been dissolved.

LLC 68
article thumbnail

Starting Your Business The Right Way

YoungUpstarts

Another option for someone looking to control their own business is establishing a Limited Liability Company. This option is very popular because it allows the owner to have the same level of control as a sole proprietor would, but with the limited liability of a corporation. Single Member LLC.