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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. Be able to prove due diligence whenever you can.

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How To Start Your Own Small Business In 7 Easy Steps

YoungUpstarts

You will need a unique selling point if you want to stand out from the crowd and convince customers that they should do business with you. Every business needs a catchy and memorable name so that you stick in the mind of potential customers. Choose a Name for Your Business.

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How Stay-at-Home Parents Can Start a Non-Ecommerce Business

Women Entrepreneurs Can

For example, if your specialization is in art or tutoring, then it may make sense for you to partner with other specialists in your area and share ad space in local publications and directories like Yelp to draw more customers. There are three basic types of structures: sole proprietorship, limited liability company, and corporation.

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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. Protect your company’s customers, employees and intellectual property.

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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. Establish a privacy policy.

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Why Startups Should Consider Hiring LLC Formation Services 

The Startup Magazine

This is important, especially since your choice will impact things like what is the extent of your personal liability, how will you pay taxes, and how much is your share of profits. . One of the business structures you can consider when starting your business is the limited liability company (LLC).

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How To Start A Business The Right Way

The Startup Magazine

The great managerial guru, Peter Drucker, liked to say that the purpose of a business is to keep and create a customer. You have to have a clear and powerful value proposition in order to attract and keep customers and your startup business structure needs to reflect that. Growth without profits destroys shareholder value.