Remove Early Stage Remove Government Remove Limited Liability Company Remove Software Review
article thumbnail

13 Critical Small Business Legal Requirements to Start a Business

Up and Running

The size standards are different for each industry and are defined by the government body established to oversee such matters. Limited liability company (LLC) – A structure that combines the characteristics of both corporations and partnerships. Still, you can use accounting software or work with a tax professional.

article thumbnail

Five signs it’s time to get your business organized

www.greenhornconnect.com

Forming a corporation or limited liability company not only protects founders by limiting personal liability for activities related to the business, it also defines the rights of founders relative to each other and to the business, which is important in case there is ever a falling-out among the founders.

IP 40