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Corporation or LLC? Business Organizations for Tech Startups.

YoungUpstarts

One of the first actions you will take with your startup is to organize your company a separate legal entity to protect yourself from personal liability for the company’s debts. In the tech startup context, you’ll typically choose between a Corporation and a Limited Liability Company (“LLC”).

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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. Develop a founders agreement.

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Vlad Rigenco’s Tips for Launching a Successful Startup

The Startup Magazine

You may have an excellent idea for a new mobile app or for a company that provides technical services to others. Spend time reading reviews and use the competing apps yourself to find out what you can do better. According to Founder and CEO of Dood Inc., Research Well. Have a Solid Business Plan.

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What is a Social Enterprise?

Up and Running

According to the Harvard Business Review, in most U.S. states for-profit companies can accept donations and nonprofit companies earn revenue, which dispels the myths that a nonprofit can’t make money, or a for-profit venture would miss out on donations. For-Profit Entities: L3Cs, or Low-Profit Limited Liability Company.

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5 Tips for Starting a Successful Clothing Brand: The Definitive Guide (2018)

crowdSPRING Blog

Shira Sue Carmi, the founder of Launch Collective, reminds us that the business of launching a clothing brand is as important as the artistry: Fashion is amazing in the way it balances art and commerce, but it’s a business. If you’re interested in a little more protection, an LLC (or Limited Liability Company ) may be a better fit.

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5 Tips for Starting a Successful Clothing Brand

crowdSPRING Blog

Shira Sue Carmi , the founder of Launch Collective , reminds us that the business of launching a clothing brand is as important as the artistry: Fashion is amazing in the way it balances art and commerce, but it’s a business. If you’re interested in a little more protection, an LLC (or Limited Liability Company ) may be a better fit.

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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.

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