LLC Advantages and Disadvantages

Blogtrepreneur | Entrepreneur Blog

What is an LLC? An LLC or limited liability company is a business form that is a hybrid of a sole proprietorship or partnership and a corporation. The Advantages of Forming an LLC Forming an LLC protects the personal assets of the owners from being liable in the event of a lawsuit.

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A Guide to Crafting Your LLC Operating Agreement

Up and Running

An operating agreement is the document that sets the rules for your LLC. In this article, we’ll talk about how to create your own LLC operating agreement, what you should include, and where you’ll need to keep it when you’ve made one. Should I have an operating agreement for my LLC?

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Trending Sources

How To Start An LLC

YoungUpstarts

For those considering taking their businesses to an official level, here are some helpful tips for how to start an LLC. What Is an LLC? An LLC is a type of legal structure for a business. When your business is an LLC, your personal assets are protected against business debts.

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Welcome to SBA Ventures LLC.

Inc Startups

The Small Business Administration is getting into the start-up business, helping fund high-growth companies through licensed investment companies. The Small Business Administration is expanding its mandate to support the nation's small businesses by helping to fund start-ups.

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LLC vs. S Corp: What’s The Best Setup For Your Startup?

YoungUpstarts

This means considering LLC vs. S Corp. An LLC combines many of the characteristics of a corporation, a partnership and a sole proprietorship. Advantages of an LLC. by Tricia Hussung.

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8 Key Rules for Starting a Business on a Shoestring

Startup Professionals Musings

A limited liability corporation (LLC) can be formed in most states for less than $100 directly through the Internet without legal assistance. entrepreneur LLC shoestring budget startup

Gold & Silver Outlook - Chad Hagan - Hagan Capital LLC

Chaganomics

Gold, Silver Outlook 2014, 2015 Hagan Capital , Atlanta, Georgia, Precious Metals, Geneva, Suisse, Economics, AGSI Group, Trading Metals, AGSITRADE.CH, Chad Hagan. commodities GDP gold silver

5 Reasons Why an LLC is the Right Structure for Your Startup

Inc Startups

Limited Liability Corporations (or LLCs) are very attractive to the early stage startup. Not only do they prevent double taxation but they''re also easy to start

8 Reasons To Incorporate Your New Company Early

Startup Professionals Musings

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. C-Corp incorporate LLC new business S-Corp startup

New Tech Start-Ups Formed In 2011 Should Consider LLC Format, At Least Initially

Recent Buzzes - VC Experts, Inc.

It is often said that any new start-up business that is planning on raising equity investments from the private equity/venture capital (PE/VC) world generally needs to organize themselves as a corporation, rather than as a limited liability company (LLC). By Peter J.

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Small Business Saturday Spotlight: Mike the Gardener Enterprises, LLC

Up and Running

Appropriately located in the Garden State of New Jersey, Mike the Gardener Enterprises offers a seeds of the month club, gardening tips, and many other tools to help anyone become a master home gardener.

History of the U.S. LLC

Chaganomics

LLC - something I use with operating entires religiously, only to be combined with holding corps. Once established in Germany, the concept of the LLC had a very active and fast growth. In the United States, several states passed legislation creating entities similar to the LLC. In 1977, Wyoming became the first American state to enact a true LLC act modeled after the 1892 German GmbH Code and the Panamanian LLC. Most LLC acts have followed this lead.

3 Tips for Keeping Your Business in Compliance With the State

Up and Running

Filing your new business as an LLC or a corporation is a smart decision for a number of reasons; it enables you to save on taxes and protect your personal assets, and it gives your business a sense of professionalism, to name a few.

Chapter 11 bankruptcy petition for Quiznos Global LLC shows the chain has about $50,000 in assets and from $500 million to $1 billion in liabilities.

Chaganomics

The Quiznos details emerge: The voluntary Chapter 11 bankruptcy petition that Quiznos Global LLC filed Friday shows Quiznos has as much as $50,000 in assets and from $500 million to $1 billion in liabilities. MG-1005 LLC, the Denver company that previously owned the downtown building where Quiznos has its headquarters, is owed $3.62 What a mess!

4 Tax Filing Tips for New Startups

Up and Running

How should I tax my LLC? Plan your LLC tax structure. As stated on the IRS’s website , an LLC can be classified and taxed as a sole proprietorship (single member), partnership (multi member), or a corporation (single or multi member) for federal tax purposes.

Do You Need To Be A Corporation To Raise VC Funding?

Ask The VC

Question: Does one need to switch an LLC to a corporation to raise VC funding? Would you recommend starting out as a corporation pre-money or as an LLC? The main advantage of an LLC over a C-Corp is that the taxes are not flow through. As VCs are generally structured to be flow through tax entities, if your company was a LLC, your tax situation would flow through the VC and directly to their investors. In a LLC, there is no concept of stock ownership.

CAD gaing ground as a reserve currency

Chaganomics

Hagan Capital LLC

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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. However, unlike in a LLC or a corporation, you will be held personally responsible for any failings on the business’s part.

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. Some states require a notice of intent to form an LLC, but not all states will.

Eliminating Fiduciary Duties of Delaware LLC Controlling Members & Managers Must be Clearly Stated

Recent Buzzes - VC Experts, Inc.

Original Title: Elimination of Fiduciary Duties of Delaware LLC Controlling Members and Managers Must be Clearly Stated. Treating LLCs as complete creatures of contract, the Delaware Limited Liability Company Act ("LLC Act") [1] provides wide latitude for members and managers of LLCs to contractually limit or eliminate fiduciary duties. [2] By Carol Osborne and Stefani Thomas of Holme Roberts & Owen LLP.

What is a Social Enterprise?

Up and Running

An L3C is a variation on an LLC, essentially a hybrid form of a nonprofit and for-profit company. The organization is designed so that it can function generally as an LLC would, while legally accepting foundation grants because of the organization’s socially beneficial goals.

Investor Group Announces $300 Million Offer to Acquire American Apparel

Chaganomics

Silver Creek Capital Partners LLC"American Apparel is a proven viable business model that needs to be scaled from a sales point of view and should not be in bankruptcy. If the Company is not turned around it will be a pointless loss of American manufacturing jobs. We strongly urge the creditors to evaluate and accept our offer," stated Chad Hagan, Managing Partner of Hagan Capital Group." https://amers2.apps.cp.thomsonreuters.com/web/pdfReuters/htmlnews/8knews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:2016-01-11:MKW_20020408:1238177

30 Under 30 Candidate: Marcas Harris on Why Mr.Robotic LLC Deserves to Win

Inc Startups

One of the scrappiest startups founded by someone younger than 30

Popcornflix iPhone and iPad Apps For Free Movies On The Go

YoungUpstarts

“We developed these iPhone and iPad apps to be state-of-the-art, easy and fun to use,” says Gary Delfiner, senior vice president of Digital Distribution for Screen Media Ventures, LLC, the parent company of Popcornflix.

Small Business Saturday Spotlight: Social Media Management, LLC

Up and Running

Based in Phoenix, AZ, Social Media Management, LLC uses social media to connect local companies with local clients. They are offering free initial consultations to all business owners for Small Business Saturday. For more information visit their Facebook page: https://www.facebook.com/smmnow. Business Management PR and Communications Sales and Marketing Starting a Business

PR 1

The Real Deal: Steve Mann on Neuro-Digital Marketing and the Quest for Joy

deal architect

This time it is Steve Mann, former CMO of LexisNexis North America and who now leads AbleBrains LLC, a digital marketing consultancy. This continues a series of columns from practitioners I respect. The category "Real Deal" describes them well.

Bias Documentary

Feld Thoughts

Bias Documentary Sizzle from Finish Line Features, LLC on Vimeo. One of the philanthropic activities that Amy and I have been doing is helping fund documentaries around issues that we care about. A breakout documentary from 2015 was CODE: Debugging the Gender Gap.

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How to Minimize the Red Tape and Taxes of a Startup

Startup Professionals Musings

If you aren’t so sure, need something fast, or need to keep your costs low, then an LLC is the best legal and taxable entity to facilitate your startup. Any LLC or S-Corp can elect to be treated for tax purposes as a sole proprietorship (Schedule C) or partnership (Schedule K).

Q&A with Austin-based BNB Shield

SiliconHills

What is BNB Shield LLC? A: BNB Shield LLC finds, reports on and challenges illegal, contract-breaking and unlicensed short-term rentals. We report these to the proper channels to ensure they are promptly removed from third-party rental platforms that include AirBnB, Craigslist, Home Away, Overnight, FlipKey, VRBO, VacationRentals.com, among others. A proliferation of short-term rental […] The post Q&A with Austin-based BNB Shield appeared first on SiliconHills. Austin

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A Niche Market in Sports

The Entrepreneurial Mind

The Entrepreneurial Mind : Michael Lawson – FourA Management LLC TweetFacebookLinkedInTumblrStumbleDiggDelicious. The post A Niche Market in Sports appeared first on Dr Jeff Cornwall

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The Three Questions Every Start-Up Should Consider When Forming a New Business

Up and Running

Every start up faces three initial decisions: (1) Should I form a LLC or corporation?, (2) SHOULD I FORM A LLC or CORPORATION? Incorporated, Ltd, LLC) to put the world on notice not to look to you personally for the liabilities of the business.

The 5-Second Guide to Choosing Your Startup’s Legal Entity

The Startup Lawyer

Tags: Incorporation corporation LLC

The 5-Second Guide to Choosing Your Startup’s Legal Entity

The Startup Lawyer

Tags: Incorporation corporation LLC

Turn Your Blog Into a Business: A Legal Perspective

Blogtrepreneur | Entrepreneur Blog

When creating a company, you have two options: a limited liability company (LLC) or corporation. The LLC An LLC is a flexible solution. Also, an LLC’s paperwork won’t have you tearing your hair out in frustration. A corporation’s paperwork is more complicated than an LLC.

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Second Order Impact of FG Angels

Feld Thoughts

I believe all of our committed members have completed their investments as individuals and we have made our first investment through the LLC we put together. We created an LLC of 145k to allow some of our newer angels to participate at smaller amounts.

Mark Zuckerberg Explains Why He's Not Giving His Money Away to a Charity

Inc Startups

The Facebook founder is instead giving away his $45 billion worth of shares to his own LLC, the Chan Zuckerberg Initiative

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Eight Ways to Raise Your Business Credit Score

Inc Startups

Establishing business credit cards, paying in advance, and setting up an LLC are just three simple tactics for increasing creditworthiness

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A Good List of Business Plan Competitions

Up and Running

I say hats off to the people at JFH Innovative LLC in Pittsford, NY, who are running that site. Tags: business plan contests bizplancompetitions.com business plan competition business plan contest JFH Innovative LLC

Three Things to Consider Before Starting your Business in Another State

Up and Running

In some cases, forming an LLC or corporation in a state other than the one the company primarily does business is a good idea. A business that incorporates or forms an LLC in one state, yet still wants to do the majority of its business in another state, will have to qualify as a foreign business entity in the latter state. Clearly, for some small businesses, incorporating or forming an LLC outside of its home state may not be a great idea.

SPOT BPO to Add 140 Jobs at New Call Center

SiliconHills

At the Pike Powers Lab this morning, Nest Labs, based in Palo Alto, announced it has selected SPOT BPO LLC. to help expand its technical support and customer service in Austin. SPOT BPO is locating in a 27,000 square foot building at 6800 Burleson Road in the Bergstrom Technology Center.

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