Remove Employee Remove Limited Liability Company Remove Software Review
article thumbnail

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.

article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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.

article thumbnail

What to Do If Your Accountant Makes an Error

Up and Running

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. Employee versus independent contractor issues. Setting up financial software that tracks income and deductible expenses. Payroll tax.

article thumbnail

How to Start a Successful Consulting Business: The Complete 10 Step Guide (2019)

crowdSPRING Blog

You’ve paid your dues. Navigating the transition between a salaried employee and running your own consulting business can be tricky. Helping teams to better communicate with each other and helping companies to better communicate with the market. Helping clients with software and/or hardware issues.

article thumbnail

How to Start an Ebay Business

Up and Running

Limited Liability Company (llc). As the name suggests, the liabilities of Limited Liability Companies are generally not passed on to the owners. This means that the owner/owners’ liability does not extend beyond the amount they invested in the company. Corporation.

article thumbnail

Five signs it’s time to get your business organized

www.greenhornconnect.com

Forming a corporation or limited liability company not only protects founders by limiting personal liability for activities related to the business, it also defines the rights of founders relative to each other and to the business, which is important in case there is ever a falling-out among the founders.

IP 40