Remove Limited Liability Company Remove Management Remove Naming Remove Software Review
article thumbnail

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. Be able to prove due diligence whenever you can.

article thumbnail

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. Register your business name. Obtain the right business permits and licenses.

Insiders

Sign Up for our Newsletter

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

article thumbnail

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.

LLC 100
article thumbnail

Intellectual Property 101

Up and Running

Initially, many startup businesses focus on creation and inception tasks: forming an entity, reserving a domain name, signing up for online accounting services or hiring an accountant, and, in some cases, consulting with a business lawyer. Simply put, properly identified and protected IP increases the financial value of your company.

article thumbnail

How to Start a Business in a Month – #30DayChallenge

Up and Running

As with anything, learning to manage, learning to be the boss and learning to run a business, are just things that happen over time and with practice. For that reason, i’m going to start by sharing with you a list of things you can do to get yourself into the mindset of running your own company. Week 1 – Get the ball rolling.

article thumbnail

8 Steps to Starting Your Own Business

Up and Running

If you’re selling enterprise software, this may require a significantly larger investment than a coffee shop. Limited Liability Company (LLC). Other things you will need to do include deciding on a business name and researching availability for that name. Company Overview. Management Team.

article thumbnail

How to Start a Business: A Step-by-Step Complete Guide (2019)

crowdSPRING Blog

Management plan. This section outlines your legal and management structure. Partnership – A partnership is a shared responsibility between two or more people who both hold personal liability for a business. basic infrastructural costs like phone and internet service, invoicing software, etc…. manufacturing costs.