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How Entrepreneurs Need To Plan To Protect Their Business

The Startup Magazine

Common business structures include sole proprietorships, partnerships, limited liability companies (LLCs), and corporations. LLC: Provides liability protection while offering flexibility in taxation. Workers’ Compensation: Protects employees in case of work-related injuries or illnesses.

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Does your startup really need to hire in-house developers?

The Next Web

In order to find out, I asked a panel of 12 successful founders from the Young Entrepreneur Council (YEC) the following question: What are the pros/cons of hiring an agency to do development work, vs. having all your technical talent in house? Hiring an agency is usually less expensive, and you can utilize them only when there’s a problem.

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How Much Does it Cost to Form an LLC? A Guide For Startups

The Startup Magazine

Forming an LLC in the United States might be perceived as a long, complicated or expensive process. In this guide, we will discuss the different ways you can set up an LLC and the costs involved. What Are Your Options for LLC Formation? Set up an LLC by yourself. LLC Formation Costs. LLC Name Reservation.

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

YoungUpstarts

Hire professionals. Think about your employee and ownership hats. You should also understand that you may be liable for certain acts or omissions as a manager, officer or director, but shielded from liability as a member (in a manager-managed LLC) or shareholder. Must you wear both simultaneously? Anticipate disagreements.

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Hiring a Freelancer? Here’s What That Means for Your Taxes

Up and Running

And with the rise in remote work during the pandemic, a shift in how businesses think about their employees and hiring practices, and the growing number of people pursuing business ventures online, it will likely keep growing. The gig economy has seen tremendous growth over the past decade. New standards from the U.S.

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13 Ways to Ensure You Always Hire the Right Person

Up and Running

Here at Palo Alto Software , we take hiring pretty seriously. I should know—we just wrapped up a lengthy hiring process within the marketing department. After months of searching, dozens of interviews, and sifting through countless resumes, we finally hired a new managing editor for Bplans.

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13 Critical Small Business Legal Requirements to Start a Business

Up and Running

Generally, the size is based on the number of employees and annual receipts for a given period. Small Business Administration , an organization is considered to be a small business if their: Firm revenue ranges from $1 million to $40 million Number of employees is between 100 and 1,500. According to the U.S.