Rusty Tweed Explains How to Structure a Business

The Startup Magazine

Limited Liability Company. The way that one goes about making a selection is based upon their field of expertise, size of the future project, amount of capital needed to get started, the risk and liability, and so on.

Incorporating Your Business: Tips to Follow

The Startup Magazine

Still, the process of incorporating a company has to be one of the most complicated things for startup owners to handle. In this sense, you have the choice between a limited liability company or LLC, or a C-Corporation.

How to Form a LLC

Up and Running

You might want to consider a limited liability company, or an LLC, because in some ways you get the best of both worlds: You get the benefit of personal liability protection, as you would with a corporation. Liability protection.

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How to Start Your Own Healthcare Service

The Startup Magazine

This type of business has significant liability and compliance requirements. If you don’t get the proper advice on how to set up your business, you will not be prepared if you’re ever sued or faced with a liability claim.

How to Start a Real Estate LLC – What You Need to Know

The Startup Magazine

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 can be a member, an attorney or a service company.

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Investing In Real Estate: Should I Form An LLC?

YFS Magazine

Finance Grow investing limited liability company LLC money real estate investingIt is important for investors to understand the characteristics of an LLC to determine the best practice in structuring each investment.

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3 Tips for Keeping Your Business in Compliance With the State

Up and Running

If your company gets served, by having an outside service in place, the papers will be delivered to that office instead of your storefront where all your customers and employees can see the exchange. Limited Liability Company, Incorporation, or Inc.

Startups: What Kind of Entity Should You Form?


By SUSAN LAHEY Reporter with Silicon Hills News For most startups there are two ways to go in deciding what kind of business entity you should form: A limited liability company, or a Delaware Corporation, according to David Valenti, a partner with Reed & Scardino.

3 Things Every Entrepreneur Must Do Before Starting An LLC


There are plenty of things you can and should do before starting your Limited Liability Company (LLC), but here are three big recommendations to keep in mind. by Dustin Ray of Incfile. Maybe you woke up one day and decided to start a business on a whim.

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If I register a sole proprietorship or a partnership, how will I pay myself?

Up and Running

Sole proprietorships and partnerships are both more straightforward than Limited Liability Companies (LLC) and Corporations. Like a sole proprietorship, all partners share liability.

What is an L3C?

Up and Running

In recent years, socially-minded entrepreneurs have begun testing a new type of business entity: the L3C, or Low Profit Limited Liability Corporation. The United Kingdom began using a similar structure in 2005, called a Community Interest Company.

What should I include in an investor provisions summary?


Here are some thoughts that immediately come to mind: 1) The only types of US companies that have “Operating Agreements” are Limited Liability Companies (LLCs), and this structure is very difficult to use for (a) raising money, (b) issuing options, and (c) governance once things begin to get complicated. Invested Interests angel investor attorney companies entrepreneur investors provision summary startup

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Keep It Clean: Mixing Business And Personal Finance


by Tony Smith, Managing Director at Company Debt. Consider a Limited Liability Company (LTD). A business can be set up as a separate legal entity, such as a Limited Liability Company (LTD) or a corporation, which makes them legally distinct from their owners.

How To Maximize A Real Estate Investment


The best way to protect your assets is with a holding real estate investment, such as a limited liability company or limited partnership. A little research can help you enjoy a fantastic return on investment whilst limiting your overheads.

Corporation or LLC? Business Organizations for Tech Startups.


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. Stocks are issued at the time the company is formed, and more can be issued over time.

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How To Build The Credit Rating Of A New Company


Establishing the business credit of a new company can be extremely difficult. Therefore, taking steps from the launch of your company to establish a positive credit rating is imperative.

Tips For Getting Your Small Business Off To A Great Start


Remember when composing your business plan , it is pertinent to include a mission statement, company summary, and an executive summary. Also, be sure to provide the reader with a breakdown of your company’s products and services.

Ideas And Tips On How To Start A Home Business


The options are sole proprietorship, partnership, corporation or Limited Liability Company. Did you know that many of the entrepreneurs when they start their business, they decide to turn their home into an office?

Business Prenup: What To Do Before You Start A Company With A Partner


For example, an attorney can assist with issues concerning corporate formation (such as the pros and cons of corporations, limited liability companies and other structures) that may impact liability. Protect your company’s customers, employees and intellectual property.

Debt Or Equity To Fund Your Start-up: Which Is Better?


If you set up as a limited liability company, the business suffers the credit damage, but your future earnings are stifled. People who invest money in the company often do not take such a hands-off approach. By Jenny Q. Ta , entrepreneur, author and CEO of

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8 Reasons To Incorporate Your New Company Early

Startup Professionals Musings

Many entrepreneurs are so focused on finalizing their innovative product or service that they procrastinate on the formalities of forming the requisite new company until later. Liability for initial setbacks or lawsuits needs to business versus personal.

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With New 21 Percent Corporate Tax Rate, S-Corps Are Taking A Second Look At C-Corp Status


In fact, in crunching the numbers, our research reveals that commercial enterprises, such as manufacturers, distributors, and service companies, may actually end up with a larger tax liability after switching to C-Corp status. There are two key limitations to consider.

Even Social Entrepreneurs Need Profit to Meet Goals

Startup Professionals Musings

For comparison, I was able to set up a simple for-profit Limited Liability Company (LLC) in a month for less than $100. Thus non-profit businesses have a very limited ability to survive when needs and interests of consumers change.

[UK] Should Limited Company Contractors Consider Accountancy Help?


If you are or plan to become a contractor in the near future, it is likely you will have explored the possibility of launching your own limited company. If so, you will be outside IR35 and free to operate as a limited company contractor.

What is a Social Enterprise?

Up and Running

Nonprofits are certainly social enterprises, but many for-profit companies fall into this category by making the conscious decision to have their focus be an altruistic cause, rather than the maximization of profits. For-Profit Entities: L3Cs, or Low-Profit Limited Liability Company.

Starting Up Your Business: First Steps

Up and Running

Before requesting funding for your business you will need to establish what legal structure is right for your company—are you a sole trader, limited liability company or a partnership? For more information on setting up as a limited liability company click here.

Colorado Small Business Legal Checklist

The Startup Magazine

These can include: LLC (Limited Liability Company): An LLC is a legal entity for sole proprietors that gives a business entity a tax identification number and the ability to open a business bank account separately from a personal bank account. Liability.

How to Minimize the Red Tape and Taxes of a Startup

Startup Professionals Musings

One of the first questions that I get from many entrepreneurs is “How should I set up my company to minimize my setup costs, tax liabilities, and risk of lawsuits?” Each of the other three has the great legal advantage of limiting liability to the entity, preserving personal assets.

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Starting Your Business The Right Way


There are also financial benefits like access to business loans, business bank accounts, and tax incentives, as well as legal benefits like limiting your personal liability. Another option for someone looking to control their own business is establishing a Limited Liability Company.

What to Do If Your Accountant Makes an Error

Up and Running

As the business owner, you may incur liabilities or suffer losses that stem from an accountant’s negligence. Choice of entity (C corporation, S corporation, or a limited liability company ) may affect how the company’s earnings will be taxed and how your assets are protected.

8 Tips for Starting a Home-Based Business

Up and Running

However, depending on the type of business you are in, you may want to consider other possibilities such as an Limited Liability Company (LLC), or a Sub-S status corporation. In the past, home-based businesses weren’t taken seriously.

10 Tips For Starting A New Business On A Budget


Starting a new business might sound like a complicated endeavor, and many would-be entrepreneurs probably shy away from creating a company from the ground up because of the expected costs involved. You don’t have to be an accountant to handle the basic finances for a start-up company.

The Complete Guide to Choosing Your Business Structure

Up and Running

You may have more difficulty raising money: As you cannot sell any stock in your company, you will not be able to increase your company’s worth that way. Both entrepreneurs share ownership, and have shared input and participation in the company.

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How to Start an Ebay Business

Up and Running

If you’re relatively comfortable handling these processes yourself, you can go through a company like LegalZoom , which helps hundreds of small business owners prepare legal documents for business incorporation and the likes. Limited Liability Company (llc).

Startups And Owner’s Draws: The 411

Early Growth Financial Services

But sole proprietors, partners in a partnership, and members of a limited liability company are not paid wages because they are considered to be self-employed. This guest post by Robert W. Ditmer was originally published on Justworks. In many businesses, workers are paid wages or a salary, compensation that is subject to income tax withholding and employer taxes.

The Complete Guide to Registering Your Business Name

Up and Running

To register your business name this way, you’ll need to register your business structure, such as a limited liability company (LLC) or a limited partnership (LP), a corporation, or a nonprofit. See Also How to Form a Limited Liability Company (LLC).

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7 Steps To Starting Your Business In Singapore 


Singapore offers a bunch of legal entity forms available for registration: sole proprietorship, partnership, Limited Liability Company, a subsidiary, a branch office, a representative office, and so on. By Roman Yarovyi, PR and Communication Manager for One Visa Ltd.

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. The determination should be based on consideration of tax issues, corporate governance, limitation of liability and other factors.

Tips On Starting A Business Without Sabotaging Your Personal Finances


Set up a limited liability company (LLC) and separate bank account. Not only does this keep a clean line between business assets and your personal or family assets, it can help reduce your personal liability and make tax compliance simpler.

Financial Knowledge Can Lead To Small Business Success


Include liabilities, current and fixed assets, and shareholders’ equity. Although operating a business without liability insurance is not recommended, it may be a short-term solution if premium reduction is not possible. by Debbie McGrew,

Taking Your Home-Based Business To The Next Level


Growing your company (or if needed, forming a corporation or an LLC) also comes with many requirements, paperwork, and other processes to keep everything nice and legal. Soon, you’ll have a fully-staffed company, without losing the sanctity and space of your home! by Stacey Thompson.

Incorporating Your Small Business: Protect Yourself And Prosper


Selecting the right type of company for a new or existing business is a critical issue. One primary goal of incorporation is to lower this tax liability. Corporations allow for greater benefits and provide liability protection. When to Form Your Company.

Think ahead, if you will need more money later.


First, VC’s in general cannot invest in ‘S’ corporations or limited liability companies (LLC’s). More importantly, VC’s will worry over a number of issues when looking at a company and deciding about an investment. Is the price paid for shares by previous investors excessive, creating a post-money valuation too high for the actual value of the company? Some businesses just can’t fit within the angel capital or friends and family model for raising funds.