How to Start a Business With a Criminal Record

The Startup Magazine

There are no laws against felons owning a business, but some industries are off-limits. Requirements for things like business licenses may also limit your options. Of course, this doesn’t mean that you should represent your partner as the sole company owner only to get funding.

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.

Insiders

Sign Up for our Newsletter

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

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 107

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.

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. The great thing about LLC operating agreements is that they are remarkably customizable and malleable, so you can amend them easily in the face of changes at the company.

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. The legal structure of your brokerage matters as it determines your ownership, taxation, and financial liability. Starting a real estate brokerage is every realtor’s dream, but what does it look like in reality? The industry is enormous and very competitive.

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.

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. These individuals share responsibility for decision-making, liability, and profit. Corporation or S-Corporation: A company owned by many individuals which operates under written permissions from the state in which it is located.

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.

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.

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 116

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.

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 64

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.

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 139

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 160

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.

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.

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.

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. This category is going to cover limited liability companies and corporations, as well as limited partnerships. In this scenario, it’s not a great idea to file for bankruptcy, but you’re mostly free of liability if it happens.

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.

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. If you’ve ever done any contract work and didn’t bother to register your company, you still were acting as a company that was considered a sole proprietorship. Limited Liability Company (LLC). Limited Liability Partnership (LLP).

LLC 123

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 152

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.

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 158

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.

Legal Protection: 5 Things to Consider Before Opening a Business

Women Entrepreneurs Can

A lot of companies have been crushed under the legal liabilities they had to deal with because they did not cover all aspects. Many companies struggle to break even and end up collapsing. Get General Liability Insurance.

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.

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.

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). Los Angeles is a fantastic location to open up a business. Due to the location and the large number of people in the area, any business has the opportunity to succeed here.

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. There’s a general partnership where all partners have unlimited liabilities. On the other hand, there is also a limited partnership where creditors cannot seek after the personal assets of the limited partners.

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? In order for your business to start with the right foot from offices installed in your house we share the following recommendations: Define a space for your office. Empty the space you will use as your office, as you need to avoid distractions.

How To Start Your Own Small Business In 7 Easy Steps

YoungUpstarts

A lot of small startups fail in the first year, and it can be very difficult for new businesses to develop their identity and to stand out from other more developed companies. You should also take into consideration a domain name that goes with your business name and check to see if there is a URL available for you to develop a company website. You can either create a small business that is a corporation, a limited liability company (LLC), or a sole proprietorship.

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. Whether you’re meeting a need in the marketplace, attempting to change lives or just think it would be fun to own a company…whatever your reason or mission, you’ll want to remember it when things get rough (or even in the exciting times when you consider expanding). by Dustin Ray of Incfile.

LLC 133

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. Should you form a corporation, partnership or a limited liability company? After you’ve made your decision, you will need to register your company accordingly.

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. Incfile helps you easily compare and contrast the different business entity types , such as a limited liability company vs. an S Corporation vs. a nonprofit. by Dustin Ray of Incfile. The hardest part of any important task is getting started on it in the first place.

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. If you prefer complete autonomy in company decisions, equity investment is not the right move. A valuable expert who has money on the line may become a huge asset to the growth of the company. By Jenny Q.

Equity 149

How To Start A Real Estate Investing Business

YoungUpstarts

If you choose the latter, you are most likely going to buy homes on an as-is basis like what companies such as Fair Cash Deal do, and sell it at a higher price after making significant improvements and adding certain amenities. Keep in mind, however, that most real estate investment businesses are set up as limited liability companies or LLCs. Click here for an example of a company that purchases homes in any condition for a fair cash price.

LLC 107

Think ahead when raising your early investments

Berkonomics

First, VC’s in general cannot invest in ‘S’ corporations or limited liability companies (LLC’s). More importantly, VC’s will worry over several issues when looking at a company and deciding about an investment. First: 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.

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 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 98

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. 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. Liability for initial setbacks or lawsuits needs to business versus personal.

LLC 172