The Startup Magazine
APRIL 2, 2020
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.
Up and Running
JULY 28, 2022
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. Get business insurance.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Startup Professionals Musings
JUNE 13, 2016
The labels of non-profit and for-profit are merely tax designations, and using the wrong label only complicates matters for the entrepreneur. Obviously all founders wants to minimize their taxes, yet the initial setup for non-profits is bureaucratic, takes up to two years of time, and costs thousands.
YoungUpstarts
AUGUST 25, 2015
One of the first actions you will take with your startup is to organize your company a separate legal entity to protect yourself from personal liability for the company’s debts. In the tech startup context, you’ll typically choose between a Corporation and a Limited Liability Company (“LLC”).
Up and Running
AUGUST 6, 2014
For-Profit Entities: L3Cs, or Low-Profit Limited Liability Company. L3Cs, or Low-Profit Limited Liability Companies, are one form of legal structure in the U.S. An L3C is a variation on an LLC, essentially a hybrid form of a nonprofit and for-profit company. that social enterprises can take.
crowdSPRING Blog
NOVEMBER 8, 2018
But, a clothing brand needs more than just exquisite apparel design to create a lasting business. Shira Sue Carmi, the founder of Launch Collective, reminds us that the business of launching a clothing brand is as important as the artistry: Fashion is amazing in the way it balances art and commerce, but it’s a business.
The Startup Magazine
AUGUST 6, 2021
For instance, Steve Jobs had no engineering skill, but he had clear design ideas and knew how to build a great brand. You can search for co-founders who will contribute with capital, or skills, and share profits and equity with them. The Limited Liability Company (LLC) is a business structure permitted under state statute.
Expert insights. Personalized for you.
151 
Let's personalize your content