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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.

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How Much Does it Cost to Form an LLC? A Guide For Startups

The Startup Magazine

If you are looking to set up a limited liability company using the least expensive method, you can take this route. This includes a family member, a friend or even you can designate yourself as the registered agent. Let us first have a look at the various options that you have to set up an LLC: DIY (Do It Yourself).

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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. Get business insurance.

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How To Start A Consulting Business

YoungUpstarts

Here’s how Mandi Ellefson, CEO of The Hands-Off CEO , started her consulting business: I had a design company where we did branding and web design. It was dependent on me and I really wanted this company to be generating income without me. I was not able to remove myself from the business at all.

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Corporation or LLC? Business Organizations for Tech Startups.

YoungUpstarts

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”).

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Even Social Entrepreneurs Need Profit to Meet Goals

Startup Professionals Musings

The labels of non-profit and for-profit are merely tax designations, and using the wrong label only complicates matters for the entrepreneur. For comparison, I was able to set up a simple for-profit Limited Liability Company (LLC) in a month for less than $100. Delivering social value always costs money.

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What is a Social Enterprise?

Up and Running

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.