How To Start A Business The Right Way

The Startup Magazine

Although the media has been full of inspiring stories about start-ups in Silicon Valley, the reality is that the rate at which Americans have been starting companies has been in decline for a long time. Many great companies have been built through shared passions.

Why set up a limited company in Hong Kong?

The Startup Magazine

The favourable tax environment has attracted overseas companies interested in doing business in Hong Kong. The Get Started HK provide the best hong kong company formation services for open bank account in hong kong. Every company must appoint at least one director.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

4 Types Of Tax Structures For Your Business

The Startup Magazine

The Limited Liability Company (LLC) is a common business structure, but it exists according to state statute. There are three types of partnerships: general partnerships , limited partnerships and limited liability partnerships. Limited Liability Company.

The Anonymous LLC: Pursuing Privacy in the Information Age

YFS Magazine

Editor Picks Plan business entity editor picks limited liability company recommended starting a businessThe digital age has diminished privacy. The Anonymous LLC is a readily-accessible tool available to protect it.

LLC 79

How To Choose The Best Legal Structure For Your Business

The Startup Magazine

If you’re looking to set up a business, it’s in your best interest to know what the most economically friendly legal structure for your potential company should be. Depending on which state your business opens in, different tax laws will apply to your company.

How To Choose A Legal Structure For Your Business

The Startup Magazine

State statutes allow the formation of a limited liability company (LLC). A corporation is formed when prospective shareholders exchange money, property or both, for a share of the company’s capital stock. Limited Liability Company (LLC).

How Much Does it Cost to Form an LLC? A Guide For Startups

The Startup Magazine

If you are looking to set up a limited liability company using the least expensive method, you can take this route. Forming an LLC in the United States might be perceived as a long, complicated or expensive process.

LLC 97

What It Takes to Start a Real Estate Brokerage

The Startup Magazine

The market for real estate companies and individual entrepreneurs is also vast, comprising 5.6 Successful entrepreneurs will tell you that any company without a business plan is like a fish without water.

Why Entrepreneurs Must Learn to Love Paperwork  

The Startup Magazine

There will be plenty of it early and often during your entrepreneurial journey, but rather than look at it as a headache you should consider the many ways in which it will help protect you, your family, and the company as a whole. Personal asset liability protection is not ironclad.

A Brief Guide to Creating a Startup

The Startup Magazine

And as you may know, there is much more to consider in terms of actually building a company that will be successful. This business plan should include a name for your business that is eye catching, memorable, and represents your company message.

Wind Farm Business: Startup Considerations

The Startup Magazine

The competition in this field of business goes beyond just wind farming companies and includes every producer in the electrical power industry, especially those that generate it from renewable sources. In addition, don’t limit your costs only to registering your business, licences, leasing and equipment – you’ll also need to invest in branding and building your customer base.

How to Put Personal Money into Your Startup In 6 Steps

The Startup Magazine

Failure to do so might leave you liable to tax and accounting liabilities. A limited liability company status, for instance, will protect you from your business’s legal hurdles and their costs too. Without the protection, the legal status grants your company, all you own in and out of your trade pursuit is a sitting duck waiting for the worst to happen.

How Much A Startup Spends On Business Documents

The Startup Magazine

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). . It is a legal business structure that provides limited liability to its owners, called “members”, in many jurisdictions. Many companies, including many major companies, like Snowflake, are C-corps.

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. Thus far, he has managed and operated multiple companies that attained enough success to serve as conversation-starting topics for other entrepreneurs.

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.

LLC 95

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. Briefly, never set up a sole proprietorship as you’ll take on full liability. Instead, choose a legal structure like a limited liability partnership or a limited liability company.

Business Entities: What kind of business do you want to run?

Our Own Start-up

Starting a Business business entities common types of business entities Corporation different business entities Limited Liability Company Partnership Sole Proprietorship start your own businessKnowing the ins and outs of the various business entities that you can choose from can ensure that you start with the right entity from the very start.

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. This will guarantee that everyone gets to contribute to the company’s continued growth after it has been formally incorporated. If you want to grow your business and achieve added protection for all your assets, incorporating is the way to go.

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. Your company name should also not contain words prohibited by some states, for example, “bank” or “insurance firm” An important point to remember when choosing a name for your LLC is that you want it to grow with your business. It can be a member, an attorney or a service company.

LLC 60

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. You don’t need a huge company, lots of employees, or anyone but yourself (except in Massachusetts, where you need to have two owners). Liability protection. An LLC shields you from liability for the company’s business debts and claims.

LLC 101

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.

How A Single-Member Company Works

The Startup Magazine

Single-member companies or single-member limited liability companies (SMLLCs) are becoming more popular within the United States. The IRS mentions that an SMLLC only has one owner and is an entity registered to do business where a particular company operates.

Should I Hire An Attorney When Starting A Business?

YoungUpstarts

A business attorney can guide you whether you want to set up a corporation, a limited liability company (LLC), a partnership, or a sole proprietorship. You are an innovator and a job creator. You want to start a new business.

Hiring 135

How a DBA May Help Take Your Business to The Next Level

The Startup Magazine

Limited liability companies and corporations. Important fact: DBA’s do not provide liability protection for informal business structures. . Limited liability companies and corporations.

Startups: What Kind of Entity Should You Form?

SiliconHills

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.

LLC Costs and Fees You Need to Know as a Small Business Owner

Up and Running

A limited liability company (LLC) is a popular business structure for small businesses thanks to its ease of operations, tax advantages, and liability protection for its owners. If you have employees, your company will need to pay state unemployment tax for each employee.

LLC 104

5 Tips For Running A Successful Paid Parking Business

YoungUpstarts

A legal business entity, such as a limited liability company (LLC) or corporation, protects your personal liability for business debts or lawsuits. Parking businesses are profitable ventures for interested entrepreneurs.

LLC 144

An In-Depth Look At Business Credit

YoungUpstarts

The first two companies also provide business credits. However, the most well-known company dealing with business reporting is Dun & Bradstreet. The steps listed below will help you to set up a professional credit with little effort: Form a limited liability company (LLC): With an LLC, there’re clear boundaries that separate your business from you as an individual.

What Type Of Insurance Does Your Business Need?

YoungUpstarts

Think about the type of work you do and the nature of risks your company faces most of the time. The owner of the company encounters unlimited liabilities. The partners share the profits of the company amongst themselves based on their agreements.

Does A Business Bankruptcy Hurt My Personal Credit?

YoungUpstarts

A business owner is the face and backbone of the company. There are three situations you could be in as the head of a company, and some have a brighter outlook than others. Limited Partner.

5 Keys To Mitigating New Venture Tax And Legal Issues

Startup Professionals Musings

A frequent concern I hear from aspiring entrepreneurs is “I have invented a great product, but I have no idea where to start in setting up a company, to avoid all the tax and legal problems I hear about on the news.” The primary business entity options include a sole proprietorship, Limited Liability Company (LLC), or a Corporation (B-Corp, C-Corp, or S-Corp). Many entrepreneurs follow old shoebox habits in managing expenses until the company launches.

LLC 160

What Kind Of Company Should You Create?

YoungUpstarts

When you add in legal considerations such as assets, debt liability, and intellectual property (IP) protection it becomes clear that you have a lot to think about before making the choice that’s right for you. Limited Liability Company (LLC).

LLC 134

A Guide To Starting A Business In Los Angeles

YoungUpstarts

In the serviced apartment and corporate housing space, take a look at companies like Blueground. The options are a sole proprietorship, a general partnership, a limited partnership, a limited liability company (LLC) and corporations (S, C and professional corporations).

Key Strategies for Starting a New Business After Bankruptcy

Up and Running

A secured credit card keeps you from overspending since it has limited funds. Before opening a secured credit card account, make sure that the card company reports to all three credit bureaus. The debt is still owed by the company.

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. You are still liable for taxes and, because the government does not distinguish between you and your business, you are also liable for all business losses, liabilities and debts. Like a sole proprietorship, all partners share liability. Choosing a business structure – don’t just consider how you will pay yourself, consider your liability.

Articles of Incorporation and Bylaws: Same or Different?

Board Effect

The articles of incorporation pertain to corporations, limited liability companies, and nonprofit organizations.

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”). Stocks are issued at the time the company is formed, and more can be issued over time. Then the Directors elect Officers who actually manage the company.

LLC 146

How To Build The Credit Rating Of A New Company

YoungUpstarts

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. Not sure how to go about building the credit rating of a new company in order to establish it as a reputable place of business? When establishing your business, you want to be certain that you register it as a limited liability company, which is known as an LLC for short, or as a corporation.

How to Convert Your Business to an LLC

The Startup Magazine

This would lead them into choosing ownership between a sole proprietorship status and a limited liabilities company or LLC status. Legal insight Bankruptcy capital debt Finance grants Income tax IRS legal licenses Limited Liability Corporation LLC Organization shareholders Sole proprietorship taxesAs your startup grows, you become more aware of the legal restrictions that are putting pressure on your bottom line.

LLC 81

Keep It Clean: Mixing Business And Personal Finance

YoungUpstarts

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. All profits and losses and liabilities are tied to the sole proprietor or business owner personally. Tony Smith is Managing Director at Company Debt.

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. A low-profit limited liability company, or an L3C, is a legal structure (a variation on a limited liability company or LLC) that is relatively new to the United States. The United Kingdom began using a similar structure in 2005, called a Community Interest Company.

What should I include in an investor provisions summary?

Gust

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

NDA 103

How To Maximize A Real Estate Investment

YoungUpstarts

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. Every real estate investor wants to minimize their overheads whilst maximizing the price of their property. While this might seem like an uphill challenge, it can be easier than you think.