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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.

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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”). Management.

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13 Critical Small Business Legal Requirements to Start a Business

Up and Running

Partnership – Formed by two or more owners in agreement on how to start, manage and operate a business. Limited liability company (LLC) – A structure that combines the characteristics of both corporations and partnerships. It can even be part of the company organization and management team section of your business plan.

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Choice of Entity: LLC vs. Corporation

Gust

The appropriate form of entity can depend on numerous factors, including the nature of the business, its intended ownership and management structures, the need to raise equity capital, the desired tax treatment of income and losses and the importance of limiting the personal liability of the business’s owners.

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How To Start Your Own Small Business In 7 Easy Steps

YoungUpstarts

If you have already been employed in the industry you want to open your business in, then you should consider the gaps in your knowledge and perhaps develop your skills in leadership and management. You can either create a small business that is a corporation, a limited liability company (LLC), or a sole proprietorship.

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

YoungUpstarts

Zyla, managing director of Acuitas, Inc., 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. Mark Zyla is a managing director of Acuitas, Inc., Congratulations!

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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. Managing volunteers and seeking donations is an even bigger challenge. Retaining a qualified team is challenging.