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How To Close The Books on Your Startup

mashable.com

In most states, an LLC or Corporation must settle its debts before any distributions can be made to members. After debts have been paid, the remaining assets and cash reserves should be distributed to the owners/members in proportion to ownership interest. Again, no assets can be distributed until all debts have been settled.

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Why Launching a Startup Is More Expensive Than You Think

mashable.com

Then we allocated the saved money into hiring the highest quality developers available — especially those who have experience working with a distributed team. Founded in 2005, Mashable is headquartered in New York City with an office in San Francisco. Sign in with Facebook or Twitter to get started! All Rights Reserved.

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