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Tips For Starting Up Your Own Roofing Company

The Startup Magazine

The most common types of business structures include sole proprietorships, partnerships, limited liability companies (LLCs), and corporations. Sole proprietorships are easy to set up and offer full control, but they also come with unlimited personal liability.

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Why set up a limited company in Hong Kong?

The Startup Magazine

The employees in Hong Kong generally refer to themselves as hardworking, competitive and continuous pursuit of success. Although English is the most widely spoken language in the business world, you will be pleased to find that due to China’s connection with China, most employees can communicate in Mandarin and Cantonese.

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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.

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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.

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

YoungUpstarts

For example, an attorney can assist with issues concerning corporate formation (such as the pros and cons of corporations, limited liability companies and other structures) that may impact liability. Think about your employee and ownership hats. Protect your company’s customers, employees and intellectual property.

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

The Startup Magazine

If you are looking to set up a limited liability company using the least expensive method, you can take this route. Employee Identification Number (EIN) is a 9-digit number that is assigned to your LLC by the IRS (Internal Revenue Service). Seek Professional Advice. Receive Guidance Through Free Online Courses.

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The First 5 Steps To Starting Your Own Business

YoungUpstarts

Lay out all of the fine details, including your branding, the company’s identity and ethos, merchandising, employee structure, financials, etc. Incfile helps you easily compare and contrast the different business entity types , such as a limited liability company vs. an S Corporation vs. a nonprofit.