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Why Entrepreneurs Must Learn to Love Paperwork  

The Startup Magazine

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.

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Business Prenup: What To Do Before You Start A Company With A Partner

YoungUpstarts

For example, an attorney can assist with issues concerning corporate formation (such as the pros and cons of corporations, limited liability companies and other structures) that may impact liability. If your company is owned 50/50, what happens if one person wants to leave? There is no one-size-fits-all approach.

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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. You should, nonetheless, be careful about selling your assets and especially avoid doing so under pressure because you could end up giving them up for low values. The final word.

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Even Social Entrepreneurs Need Profit to Meet Goals

Startup Professionals Musings

As an adviser, I have to tell them they should be looking for philanthropists, who look for social value rather than financial returns. Delivering social value always costs money. For comparison, I was able to set up a simple for-profit Limited Liability Company (LLC) in a month for less than $100.

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How To Start A Consulting Business

YoungUpstarts

In this way, you can tailor your services, so they add value to a specific group of people or businesses. What are my brand values? If you’re interested in a little more protection, an LLC (or Limited Liability Company ) may be a better fit. You may find that your niche reveals itself easily.

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What is a Social Enterprise?

Up and Running

For-Profit Entities: L3Cs, or Low-Profit Limited Liability Company. L3Cs, or Low-Profit Limited Liability Companies, are one form of legal structure in the U.S. An L3C is a variation on an LLC, essentially a hybrid form of a nonprofit and for-profit company. .”

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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. Write a company handbook.