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13 Critical Small Business Legal Requirements to Start a Business

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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. Develop a founders agreement.

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Five signs it’s time to get your business organized

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” Transitioning from partners in an informal collaboration to co-owners of an actual business may seem like a big step, but it is a necessary one that every successful startup eventually must take. So the short answer is: the sooner the better; but here are five telltale signs it’s definitely time to form a company.

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