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13 Critical Small Business Legal Requirements to Start a Business

Up and Running

Not only do these requirements ensure that businesses operate within the law but it also protects small business owners and their consumers. . Let’s take that innovative new business idea and walk through all the requirements you need to consider to successfully start a business that’s legally recognized.

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How To Start A Consulting Business

YoungUpstarts

Navigating the transition between a salaried employee and running your own consulting business can be tricky. And if you like what you read here, be sure to read the complete 10 step guide on how to start a consulting business. First, you will need to choose the legal structure for your new consulting business.

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3 Things Every Entrepreneur Must Do Before Starting An LLC

YoungUpstarts

There are plenty of things you can and should do before starting your Limited Liability Company (LLC), but here are three big recommendations to keep in mind. Money unfortunately makes the world go around, and you will need plenty of it when forming and running your business. Gather Capital.

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30 Entrepreneurs Explain Why They Started Their Businesses

Hearpreneur

Thanks to Tom Mumford, Undergrads LLC ! #5- After my career as a financial analyst, I decided to pursue a career assisting consumers and small businesses with various financial needs. 16- Wanted to replace my six-figure corporate salary. 22- To serve medium and small businesses. Photo Credit: Kristi Andrus.

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Successfully Get Your New Business Off the Ground With This Free New Tool From Intuit QuickBooks

YoungUpstarts

Believe it or not, one of the most commonly asked questions we hear is “what type of business do I need to set up?” Understanding the difference between a sole proprietorship to C-corp to LLC isn’t always easy, but this online tool breaks it down in simple terms. Brought to you by Intuit QuickBooks Small Business Group.

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Should You Be Switching Your Business Entity To Protect Your Business From Further Loss?

YoungUpstarts

If your business is unable to weather the current economic storm and has to close or file bankruptcy, you can be held personally liable for any outstanding debts. Switching your business entity from a sole proprietorship to an LLC, a C Corporation or an S Corporation can reduce your personal liability for business-related lawsuits and losses.

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Startup Tax Planning for Better Cash Flow Management

Up and Running

Small business owners know a larger than expected tax bill could put a wrench in their company’s cash flow management , a scenario everyone is eager to avoid. But accurately forecasting your tax obligations may seem difficult, particularly when you’re busy running a company. Business owners often overlook certain types of taxes.