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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. Correctly classify your workers.

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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
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Venture Deals 4e German Edition

Feld Thoughts

Larger companies often convert to the “Aktiengesellschaft” (AG) later, especially if they want to go public. KG companies exist in Germany. They correspond in their structure roughly to a Limited Liability Company (LLC). Both the GmbH and the AG are corporations. In addition, many GmbH & Co.

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