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How Entrepreneurs Need To Plan To Protect Their Business

The Startup Magazine

The legal structure will dictate how your business is taxed, how personal liability is handled, and how you can raise capital. Common business structures include sole proprietorships, partnerships, limited liability companies (LLCs), and corporations. Each has its own advantages and disadvantages.

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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”).

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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. This fact makes finding money for staffing, advertising, and manufacturing very difficult. Advertising is expensive. Retaining a qualified team is challenging. Multiple financial watchdogs.

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

Up and Running

Many small business startups will choose between a sole-proprietorship, a partnership and a limited liability company. However, you can also start a corporation or a non-profit company. Before you can advertise your business or setup your website, you’ve got to think of how you’re going to brand your business.

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How to Start Your Own Successful Virtual Assistant Business

The Startup Magazine

The best choice is to be a limited liability company or LLC. Advertise your services on social media like Facebook and email marketing. This means choosing a business name, registering your business, and paying the right taxes. Here are a few tricks you can use. You would also need to develop a way to market yourself.

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How To Close The Books on Your Startup

mashable.com

If no shares were issued, the Board of Directors must approve to dissolve the company. If you’ve been operating as an LLC, review the dissolution requirements in your state’s LLCA (Limited Liability Company Act). Otherwise, members of the LLC can be held liable for debts of the company after it’s been dissolved.

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8 Steps to Starting Your Own Business

Up and Running

There are also a number of less traditional sources worth turning to: Advertising representatives for statistics and data on your competition or the industry in general. Limited Liability Company (LLC). List brokers sell mailing or email lists based on demographic attributes. Partnership. Corporation.