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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. Develop a founders agreement. According to the U.S.

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Articles of Incorporation and Bylaws: Same or Different?

Board Effect

The articles of incorporation pertain to corporations, limited liability companies, and nonprofit organizations. State governments regulate nonprofits in their states, and all nonprofits must file formal documents with the proper state authority to form a tax-exempt organization. What Are the Articles of Incorporation?

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Incorporating Your Business: Tips to Follow

The Startup Magazine

In this sense, you have the choice between a limited liability company or LLC, or a C-Corporation. Going the LLC route, you are not obliged to pay corporate taxes; instead, you will be governed by a pass-through taxation system. Divide your shares appropriately.

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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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Top Legal Concerns for Mobile Application Startups

Early Growth Financial Services

Ryan Azlein, Partner with Stubbs Alderton & Markiles LLP, addresses three of the most pressing legal concerns for founders of mobile application companies. Typically the choice will be between a limited liability company or corporation, but in some cases a partnership may be appropriate.

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How Much A Startup Spends On Business Documents

The Startup Magazine

Many startup founders dive into their businesses without considering the costs of business documents. Limited Liability Company. If you want to create a firewall around your personal finances, so that business liabilities do not impinge on your personal wealth, you may want to create a limited liability company (LLC). .

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How to Start a Business in a Month – #30DayChallenge

Up and Running

And, depending on the business you start, there may also be various government incentives. Tim Berry, founder of Palo Alto Software suggests asking yourself the following questions: Will your customers ever see your space? Gather information from government sites like the U.S. As the saying goes, you can’t please everyone!