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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. Also, you can invest in business accounting software.

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What is a Social Enterprise?

Up and Running

An excellent example of a social enterprise is The Empowerment Plan —an organization that hires people currently living in homeless shelters to create a combination winter coat, sleeping bag, and over-the-shoulder bag, which is then distributed to the homeless of Detroit free of charge. What does a social enterprise look like?

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10 Tips on Finding Legit Remote Jobs

Transformify

As the legislation across the globe varies a lot when it comes to freelance jobs and hiring freelancers, job seekers need to do their research to understand their status, obligations, etc. In some countries, individuals need to register as self-employed, in others they need to incorporate a limited liability company, etc.

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How to Start Your Own Successful Virtual Assistant Business

The Startup Magazine

Personal assistants are the people you should hire first. Timing and accounting software. The best choice is to be a limited liability company or LLC. Get an accounting software like Freshbooks to handle all your needs. When you do it right, being a virtual assistant can be an excellent career move.

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 7 Steps To Starting A Construction Company

YoungUpstarts

You should consider hiring a lawyer to provide you with expert advice and guidance if you’re unsure of the processes to follow when setting up a company. Here are some of the key legal requirements when starting a business : Choose a business structure for your company. Starting a construction company is not cheap.

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Intellectual Property 101

Up and Running

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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What to Do If Your Accountant Makes an Error

Up and Running

But if an accountant makes an error or gives advice that has financial consequences for your business, it can create the sort of setback you were hoping to avoid by hiring a pro in the first place. As the business owner, you may incur liabilities or suffer losses that stem from an accountant’s negligence. Payroll tax.