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Corporation or LLC? Business Organizations for Tech Startups.

YoungUpstarts

In the tech startup context, you’ll typically choose between a Corporation and a Limited Liability Company (“LLC”). Corporations pay taxes on the money they earn, and LLCs don’t. This doesn’t mean that LLCs go tax-free. When an LLC allocates income to owners (i.e. When an LLC allocates income to owners (i.e.

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5 Popular Freelance Opportunities In This Gig Economy

Startup Professionals Musings

Sales Professional. The best sales people in any company are highly focused, and self-motivated by the commissions they can earn by closing a few big deals. Long ago, these were called secretaries, often starting in the typing pool, with the best aligning themselves with an advancing executive, leading to a long career.

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How To Reinvent Yourself As A Business Startup Today

Startup Professionals Musings

Sales Professional. The best sales people in any company are highly focused, and self-motivated by the commissions they can earn by closing a few big deals. Long ago, these were called secretaries, often starting in the typing pool, with the best aligning themselves with an advancing executive, leading to a long career.

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LLC Costs and Fees You Need to Know as a Small Business Owner

Up and Running

A limited liability company (LLC) is a popular business structure for small businesses thanks to its ease of operations, tax advantages, and liability protection for its owners. But forming and maintaining an LLC comes with costs. Before registering your LLC, you’ll need to choose a business name if you haven’t already.

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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. So before you start your LLC, scrape up as much money as you can. Whether you gather money from private investors, personal savings, initial sales, loans, etc.,

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10 Key Business Plan Elements Not In A Product Spec

Startup Professionals Musings

The most common business entity used for startups is a Limited Liability Corporation (LLC), which is the cheapest and simplest to manage. Include marketing, sales, and customer rollout plans. Be sure to include this in your “elevator pitch,” which you must always deliver as a prelude to your technology features.

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How To Start Your Own Small Business In 7 Easy Steps

YoungUpstarts

E-commerce sales are growing every year, so it is no surprise that new businesses are being set up online instead of in physical locations. You can either create a small business that is a corporation, a limited liability company (LLC), or a sole proprietorship. Pick a Location. Sort Out Your Finances.