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Corporation or LLC? Business Organizations for Tech Startups.

YoungUpstarts

In the tech startup context, you’ll typically choose between a Corporation and a Limited Liability Company (“LLC”). Corporations pay taxes on the money they earn, and LLCs don’t. This doesn’t mean that LLCs go tax-free. When an LLC allocates income to owners (i.e. When an LLC allocates income to owners (i.e.

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A Guide to Crafting Your LLC Operating Agreement

Up and Running

An operating agreement is the document that sets the rules for your LLC. In this article, we’ll talk about how to create your own LLC operating agreement, what you should include, and where you’ll need to keep it when you’ve made one. Should I have an operating agreement for my LLC? Why exactly?

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Startup Lessons: 4 Companies Facing Product Lawsuits

The Startup Magazine

When conducting business, it is crucial to make a profit and keep your operations running smoothly. Here are 4 companies that have faced legal action due to the distribution of a toxic or otherwise dangerous product. Remington was founded in 1816 and operates today as the United States’ oldest gun maker. Remington’s Rifles.

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6 Steps To Move From Inspiration To Business Reality

Startup Professionals Musings

Even a non-profit needs income to operate. This means staffing and delivering the business legally as an LLC or corporation, completing a website and business licensing, and arranging for manufacturing, distribution, and support. Build a credible business implementation plan to quantify costs.

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Business Prenup: What To Do Before You Start A Company With A Partner

YoungUpstarts

If you stop working for the company, how will that impact your voting and distribution rights? You should also understand that you may be liable for certain acts or omissions as a manager, officer or director, but shielded from liability as a member (in a manager-managed LLC) or shareholder. Are they separate or interdependent?

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5 Reasons That Successful Non-Profits Are A Challenge

Startup Professionals Musings

Yet even a non-profit has to make a profit on everything it sells, in order to cover operating expenses (salaries, offices, equipment, research, travel, etc.), You can start an LLC for-profit in less than a month, often for less than $100. Reputable non-profits need to keep their operating expenses low.

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

YoungUpstarts

If you are currently operating your business as a sole proprietorship, this means that your business doesn’t really “exist” as a separate legal entity from yourself. Switching your business to an LLC, S Corp or C Corp lessens the risk barrier for banks and can help you get a business bank account, loan or credit card more easily.

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