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.

LLC 133

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 133

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.

LLC 82

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?

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.

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. Experts advocate for a limited liability company, which will save you lots of headaches when it comes to taxes and guarding your assets.

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. As your startup grows, you become more aware of the legal restrictions that are putting pressure on your bottom line.

LLC 114

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 169

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.

The First 5 Steps To Starting Your Own Business

YoungUpstarts

Lay out all of the fine details, including your branding, the company’s identity and ethos, merchandising, employee structure, financials, etc. by Dustin Ray of Incfile. The hardest part of any important task is getting started on it in the first place.

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?

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 149

3 Things Every Entrepreneur Must Do Before Starting An LLC

YoungUpstarts

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.

LLC 176

How To Start A Consulting Business

YoungUpstarts

Here’s how Mandi Ellefson, CEO of The Hands-Off CEO , started her consulting business: I had a design company where we did branding and web design. It was dependent on me and I really wanted this company to be generating income without me. by Katie Lundin of crowdspring.

LLC 163

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.

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.

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

LLC 209

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.

Tips For Getting Your Small Business Off To A Great Start

YoungUpstarts

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

YoungUpstarts

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?

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

YoungUpstarts

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 Sqeeqee.com.

Equity 196

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

YoungUpstarts

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.

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.

LLC 228

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

YoungUpstarts

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?

YoungUpstarts

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.

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.

LLC 257

Starting Your Business The Right Way

YoungUpstarts

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.

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.

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

YoungUpstarts

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.

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.

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.

LLC 170

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.

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).

7 Steps To Starting Your Business In Singapore 

YoungUpstarts

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.

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).

Naming 160

Financial Knowledge Can Lead To Small Business Success

YoungUpstarts

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, Debt.org.