Up and Running
JULY 28, 2022
Limited liability company (LLC) – A structure that combines the characteristics of both corporations and partnerships. It protects owners from their debts or liabilities, and each owner has to include a share of the profits/losses in their personal tax returns. Write a company handbook.
YoungUpstarts
AUGUST 25, 2015
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”).
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The Startup Magazine
JUNE 14, 2019
A limited liability company status, for instance, will protect you from your business’s legal hurdles and their costs too. Money that is loaned to a venture in this manner should, therefore, be recorded properly so that you can receive your dues in time. 2. Set up a legal entity for your business.
Up and Running
AUGUST 6, 2014
According to the Harvard Business Review, in most U.S. states for-profit companies can accept donations and nonprofit companies earn revenue, which dispels the myths that a nonprofit can’t make money, or a for-profit venture would miss out on donations. For-Profit Entities: L3Cs, or Low-Profit Limited Liability Company.
Up and Running
SEPTEMBER 16, 2014
When fundraising, preparing for due diligence upon exit or acquisition, or hiring employees and contractors, it is critical to have both a complete IP inventory and a strategy to monetize and protect your IP. Simply put, properly identified and protected IP increases the financial value of your company.
Up and Running
OCTOBER 21, 2014
For example, Palo Alto Software focuses primarily on helping small businesses realize their dreams of starting a business. Many people reading this guide will already have an idea of what that is – perhaps a tutoring agency, or a restaurant, or a software company. Week 1 – Get the ball rolling.
Up and Running
MAY 31, 2018
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. Setting up financial software that tracks income and deductible expenses. Lenders will look carefully at these statements, so accuracy is critical.
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