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13 Critical Small Business Legal Requirements to Start a Business

Up and Running

Not only do these requirements ensure that businesses operate within the law but it also protects small business owners and their consumers. . A small business is an independently owned and operated entity that engages in commercial activity and fulfills the set industry-specific size standards. What legally defines a small business?

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Why Entrepreneurs Must Learn to Love Paperwork  

The Startup Magazine

You must abide by your operating agreement. For startups established as an LLC, the operating agreement is the original blueprint that specifies how the company will be run and which members (partners) hold which responsibilities, among other concerns such as profit-sharing. Personal asset liability protection is not ironclad.

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How to Scale a Venture Capital (or Private Equity) Fund

David Teten

I’ve listed them below in *very* roughly descending order of efficiency, measured by increased dollars one can put to work, divided by the operational dollars required to implement each strategy. . Sophisticated VC and private equity funds have a wide array of options for leveraging outside operating executives.

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What Can a Startup Lawyer Help With?

The Startup Magazine

Startup lawyers can help you decide on which structure is the best for you based on your finances, plans and goals. Forms of business organizations include: Sole Proprietorship, Partnership, Limited Liability Corporation (LLC), or Corporation. Partnership Agreements. to resolve future conflicts.

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Incorporate Your Startup at the Right Time

mashable.com

After all, the sooner you incorporate or form an LLC, the sooner you can start reaping the rewards of incorporation ; the potential tax savings and legal protection. It’s not uncommon for it to take up to 40-60 business days to bring a Corporation or an LLC into existence after submitting your filing documents to any state office.

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Incorporate Your Startup at the Right Time

mashable.com

After all, the sooner you incorporate or form an LLC, the sooner you can start reaping the rewards of incorporation ; the potential tax savings and legal protection. It’s not uncommon for it to take up to 40-60 business days to bring a Corporation or an LLC into existence after submitting your filing documents to any state office.

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28 Entrepreneurs Explain How They Came Up With Their Business Name

Hearpreneur

Since founding my business in 1981 as a typing and editing service, I’ve operated under many names/websites. For this work, I operate under the name Going Beyond Sustainability. I started a consulting firm called Global Marketing Resources, LLC in 2000 as source for additional income while I was a corporate executive.

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