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Should You Be Switching Your Business Entity To Protect Your Business From Further Loss?

YoungUpstarts

Switching your business entity from a sole proprietorship to an LLC, a C Corporation or an S Corporation can reduce your personal liability for business-related lawsuits and losses. Setting up a legal business entity for your business creates a “company” that is different from your personal identity and separate from your personal finances.

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7 Tips To Raise Your Entrepreneur Instincts In School

Startup Professionals Musings

A breadth of understanding of common business principles, such as management, personnel and finance, is more important than a depth of knowledge in a technical area. Peers won’t be able to help you much in finding external investors, co-founders with prior experience and industry connections for distribution and marketing.

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More Tech Startups are LLCs

Austin Startup

C-Corp largely because (i) VCs have historically favored C-Corps for nuanced tax and other reasons, and (ii) virtually all of the standardized legal infrastructure around startup finance and equity compensation assumes a C-Corp. But the C-Corp / LLC mix has, for us at least, moved maybe from 95/5 percentage-wise to about 85/15.

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30 Entrepreneurs Reveal the Companies They are Starting in 2023

Hearpreneur

With the increased demand for video content, a video marketing agency can offer a wide range of services, from video production to distribution and analysis. Thanks to Craig Miller, Academia Labs LLC ! #20- Thanks to Maria Harutyunyan, Loopex Digital ! #13- Aside from that, you can also make video content and upload it to Youtube.

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4 Things You (and Every Small Business) Should Know About Taxes

Up and Running

So the S corporation splits the owners income into two parts, wages and pass-through distributions. But you’ll avoid employment tax on the income distribution. And that saves you $5,184 in employment tax you would have paid as a sole proprietorship without the S-corporation vs LLC with an S corporation tax election.

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4 Types Of Tax Structures For Your Business

The Startup Magazine

The Limited Liability Company (LLC) is a common business structure, but it exists according to state statute. However, if that individual is the only member of a domestic limited liability company (LLC), that individual is not a sole proprietor if they choose to treat their LLC as a corporation. Limited Liability Company.

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Tips On Starting A Business Without Sabotaging Your Personal Finances

YoungUpstarts

Yet too many people put their personal finances at risk to launch a business, but I believe it can be done without sabotaging your financial future. While I would never want to discourage anyone from pursuing a dream, I do think it’s possible to reduce the personal finance risks of a business start-up by making smart choices.

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