Startup Professionals Musings

FEBRUARY 8, 2019

To avoid the tax implications of co-mingling personal and business funds and assets, create your business entity before you hire anyone or spend money building the product. The primary business entity options include a sole proprietorship, Limited Liability Company (LLC), or a Corporation (B-Corp, C-Corp, or S-Corp).

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crowdSPRING Blog

FEBRUARY 14, 2019

Management plan. This section outlines your legal and management structure. Partnership – A partnership is a shared responsibility between two or more people who both hold personal liability for a business. If all goes well, you’ll hire many employees. It’s also crucial to consider your own limitations.

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The Startup Magazine

AUGUST 21, 2018

For a real estate entrepreneur, a Limited Liability Company (LLC) is a great way to protect your personal property from seizure due to liability claims. It allows you to anonymously own and manage your assets. If you plan on hiring people, you need to get an EIN. Employer Identification Number (EIN).

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Transformify

APRIL 22, 2022

It may be due to their qualification requirements or the number of people they need to hire. As a self-employed person, you are no longer working for your leader, manager, or supervisor. Instead of facing them, you are working with the companies or individuals as your clients. Advantages of being self-employed. Conclusion.

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Women Entrepreneurs Can

FEBRUARY 6, 2023

For example, are you a sole proprietorship, limited liability company (LLC), or corporation? Again, it would be advisable that you hire a professional such as Safe Harbor CPA Firm to assist you. Establish Your Business Structure The first thing you need to do is decide on the structure of your business.

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Limited Liability Company CPA LLC Finance 52

Up and Running

OCTOBER 30, 2017

Limited Liability Company (LLC). Rather than thinking of a business plan as a hefty document that you’ll only use once (perhaps to obtain a loan from a bank), think of it as tool to manage how your business grows and achieves its goals. Company Overview. Management Team. Hiring staff. Partnership.

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Venture Capital Business Plan Limited Liability Company Finance 166

crowdSPRING Blog

FEBRUARY 28, 2019

Management plan. This section outlines your legal and management structure. Partnership – A partnership is a shared responsibility between two or more people who both hold personal liability for a business. Whether you hire employees or work with contractors depends on your particular business.

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The Startup Magazine

MARCH 3, 2019

This would lead them into choosing ownership between a sole proprietorship status and a limited liabilities company or LLC status. Hire a resident agent. Of course, any business organization has its own bylaws that outline the specifics of managing the business. Photo by zoe pappas from Pexels.

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LLC Limited Liability Company Finance Operations 93

Women Entrepreneurs Can

MARCH 22, 2022

There are several different types of business entities, including sole proprietorships, partnerships, limited liability companies (LLCs), and corporations. If you plan to use a trademark in your business, it is important to do a search to make sure it is not already in use by another company.

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Startup Professionals Musings

FEBRUARY 1, 2016

By default, these domains are totally intermingled, which will lead you to manage both poorly. It’s very easy and inexpensive to set up online a Limited Liability Company (LLC) for the startup, which will allow you to track business costs, cash and taxes correctly -- no matter what happens.

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Intellectual Property LLC Limited Liability Company Nevada 120

YoungUpstarts

DECEMBER 19, 2012

Delay Hiring Employees. Rather than shelling out legal fees for something like creating a limited liability company, consider handling the corporate formation of your new business yourself. Put on hold your dreams of a fancy office or other physical space. Alternatively, a DIY design option may be all you need.

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YoungUpstarts

JUNE 19, 2013

Corporations allow for greater benefits and provide liability protection. A Limited Liability Company, or LLC, allows flexibility of management and taxes. How to Form Your Company. Hiring an attorney (This can be expensive and will require a high cost to you for ongoing help.); Benefits Aplenty.

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YoungUpstarts

APRIL 2, 2013

You’re responsible for all your business debts if it is a sole proprietorship or partnership, but if it is a corporation or Limited Liability Company (LLC), you’re only liable for debts that you personally guaranteed, at which time you are putting your own personal assets in jeopardy. Insurance Premiums. Larger Bills.

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crowdSPRING Blog

FEBRUARY 11, 2019

Many small businesses can’t afford to hire full-time HR staff. If you’re interested in a little more protection, an LLC (or Limited Liability Company ) may be a better fit. The LLC business structure provides the limited liability features you would find in a corporation. Editorial services consulting.

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Small Business Administration Small Business Social Media Elevator Pitch 86

crowdSPRING Blog

MARCH 14, 2019

Maybe you want to be the area expert in short sales, only focus on rental property management, or perhaps you are the go-to resource for landlord/tenant laws for your state. Property management. Management plan. This section outlines your legal and management structure. Resort and vacation homes. Rental Property.

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Up and Running

OCTOBER 21, 2014

As with anything, learning to manage, learning to be the boss and learning to run a business, are just things that happen over time and with practice. For that reason, i’m going to start by sharing with you a list of things you can do to get yourself into the mindset of running your own company. Are you going to be hiring employees?

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Elevator Pitch Software Review SBA Business Plan 166

Up and Running

OCTOBER 3, 2018

For instance, is it a limited partnership or limited liability company? Consider this example: Pleasant Acres Real Estate, LLC (PARE) is a startup company located in El Paso, Texas. Team: Who is on your management team? Considering hiring a professional photographer since visuals are so important.

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crowdSPRING Blog

MARCH 26, 2019

Contract Brewing Company – In this business model, one business hires another brewery to manufacture their beer. The contract company would handle the other business aspects such as distribution, marketing, and sales. The LLC business structure provides the limited liability features you would find in a corporation.

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Up and Running

SEPTEMBER 16, 2014

Initially, many startup businesses focus on creation and inception tasks: forming an entity, reserving a domain name, signing up for online accounting services or hiring an accountant, and, in some cases, consulting with a business lawyer. Simply put, properly identified and protected IP increases the financial value of your company.

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Intellectual Property IP Technical Review Software Review 109