article thumbnail

The First 5 Steps To Starting Your Own Business

YoungUpstarts

Incfile helps you easily compare and contrast the different business entity types , such as a limited liability company vs. an S Corporation vs. a nonprofit. You have your business plan all mapped out — now it’s time to decide which entity structure is the right fit for your business based on all those details.

article thumbnail

How to Put Personal Money into Your Startup In 6 Steps

The Startup Magazine

A limited liability company status, for instance, will protect you from your business’s legal hurdles and their costs too. Such an entity will free you to make decisions for your trade without having to worry about the security of your personal property.

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. 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. Secure your intellectual property.

article thumbnail

How A Single-Member Company Works

The Startup Magazine

Single-member companies or single-member limited liability companies (SMLLCs) are becoming more popular within the United States. The IRS mentions that an SMLLC only has one owner and is an entity registered to do business where a particular company operates. Is a Single-Member LLC Worth it?

article thumbnail

Vlad Rigenco’s Tips for Launching a Successful Startup

The Startup Magazine

When you have a solid business plan, you will not only be able to secure funding, you will have a clear road map to success. You may want to choose from sole proprietorships, partnerships, limited liability companies, or corporations. Look for Funding.

article thumbnail

5 Tips For Running A Successful Paid Parking Business

YoungUpstarts

A legal business entity, such as a limited liability company (LLC) or corporation, protects your personal liability for business debts or lawsuits. Insurance is essential for securing your parking business’s finances. Obtain a CO by fulfilling the requirements and contacting a local government authority.

article thumbnail

What It Takes to Start a Real Estate Brokerage

The Startup Magazine

Successful entrepreneurs will tell you that any company without a business plan is like a fish without water. A QuickBooks study found that business owners with a business plan are 2X more likely to grow, get investments, and secure loans than those without. Market analysis. Build a Consistent Marketing Plan.